I am sending you this letter of recommendation on behalf of Past Corporation and its owner Thomas Past. This Financial reference letter will outline why I feel Mr. Past deserves funding to help acquire two smaller companies that will help to make his company a leader in its industry.
Mr. Past first came to me approximately eight years ago because he was in need of a new materials vendor. After initially setting up Mr. Past on COD terms for 90 days, he requested NET30 terms. I approved a small credit line, which Mr. Past managed with great precision. Over the last eight years, I have expanded Mr. Past’s credit until he is now my largest customer.
While most customers tend to make a late payment here or there, Mr. Past has never paid my company late. His ability to manage his company’s financial needs is excellent and I have watched his company grow by 125 percent in the last eight years. These two acquisitions would help propel Mr. Past’s company into the top organization in his market place and it is an honor he deserves.
I strong recommend your approval of the financial funding for Mr. Past so that his business can continue to grow. If you need further information, please feel free to call me at 555-232-2322 or email me at email@example.com.