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Business Cover Letter

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Submitted By codeman22
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Cody Reed
1414 Chickasaw Dr. Enid, OK 73703 | 580-231-3295 | ctreed31@rangers.nwosu.edu
October 9, 2015
Mr. Jeff McCary
Vice President for New Accounts
Security National Bank
201 W Maine
Enid, OK 73701
Dear Mr. McCary:
I am Cody Reed, the owner of a new designer clothing store, Prime Time Clothing Company Inc. I have been doing my personal banking at SNB for several years, and so you were the first people I thought about when considering establishing a business line of credit.
Prime Time Clothing Company Inc. specializes is custom designer clothing. We work closely with are vendor to ensure we offer the highest quality product available. The clothing we offer is one of a kind and unique only to us. Our customers are employed men and women between the ages of 18 to 50 years old and with a household medium income of $36,000 and above. Customer loyalty is the most important aspect of Prime Time Clothing Company Inc. We are currently the only custom designer clothing store in the Enid area.
While we have funded our initial equipment and operations, it is possible that we will need a line of credit to draw against to purchase new inventory. We currently keep a minimum of 1000 tops and pants in stock each quarter of the year. With the demand varying each quarter we are in need of a line of credit to maintain a sufficient amount of inventory. We are looking to secure a $25,000 line of credit. We can offer our store as collateral, and we would be willing to discuss other forms of collateral or conditions that would make this workable. You will see that my credit rating and bank history are very solid.
Thank you for your consideration. I am available to answer any questions you have. Please call me at 580-231-3295. I will call you later this week to schedule an appointment to discuss my business and what SNB can do to help me to grow it.
Sincerely,
Cody Reed, CEO
Prime Time Clothing Company Inc.

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