Here is sample of a letter that rejects a company’s request for further loan/credit

Dear Ms. Bragg:

In response to your recent loan application, I must advise you that we are unable to extend any further credit to you at this time.

After a thorough review of your application and its supporting documents, we have concluded that your current financial situation precludes us from extending further credit to you at this time. When your financial circumstances change and your level of risk exposure lowers, then we would be happy to reconsider your application.

On behalf of Meridian National Bank, I thank you for your ongoing business, and I trust that we will continue to serve you in the future.

Yours truly,