Denial Business Credit Letter

How to write a formal denial or rejection letter for a Business Credit application? An easy way to start writing your letter is to use this sample denial business credit letter template.

The denial of your business credit application was based in whole or part upon the following reason(s): Information from commercial credit bureau Insufficient credit history or length of time in business Insufficient credit references Unable to verify credit references Delinquent past or present credit obligations. Our previous credit experience with your business Record of account(s) placed with a collection agency Record of tax or other liens Bankruptcy Items of public record. In evaluating your business credit application, No consumer reporting agency provided us with information that in whole or part influenced our decision.

Sample Denial Commercial Only Letter

[Business Applicant’s Name]

[Applicant’s Address]

[City, State, Zip]

Dear [Contact Name]:

Thank you for your recent business application for credit privileges with our company.

We appreciate your interest in doing business with our company. Regretfully, we are

unable to approve your application at this time. If you have additional information which

may assist us to reconsider this decision, please provide it within ten (10) days from the

date of this letter.

The denial of your business credit application was based in whole or part upon the

following reason(s):

___ Information from commercial credit bureau

___ Insufficient credit history or length of time in business

___ Insufficient credit references

___ Unable to verify credit references

___ Delinquent past or present credit obligations

___ Our previous credit experience with your business

___ Record of account(s) placed with a collection agency

___ Record of tax or other liens

___ Bankruptcy

___ Items of public record

___ Other:

In evaluating your business credit application, NO consumer reporting agency provided

us with information that in whole or part influenced our decision.

Until we receive additional information or your companies’ business credit application is

subsequently approved, we will gladly service your needs on a C.O.D. or cash basis.

Sincerely,

[Name]

Many of our day-to-day tasks are similar to something we have done before. Don't reinvent the wheel when you need a denial commercial only credit letter. Check out this Business Credit Denial letter template with text and formatting as a starting point to help professionalize the way you are working. Our private, business and legal document templates are regularly screened by professionals. If time or quality is of the essence, this ready-made template can help you to save time and to focus on the topics that really matter!

Using this document template guarantees you will save time, cost and efforts! It comes in Microsoft Office format, is ready to be tailored to your personal needs. Completing your message has never been easier!

Download this denial business credit letter template now for your own benefit!

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