Dear Mr. Philip,
Our company is embarking on an expansion exercise. For that purpose we have acquired a shop lot adjoining our present premises. The shop lot is at present undergoing renovations and should be ready for use by January next year. We expect at least a 40% increase in sales next year.
At present our credit limit with you is USD5000, but this figure will easily be exceeded when we open our new premises. As such we would like to request for a higher credit limit of USD8000. Is this figure acceptable to you? Please let us know of your decision soon.