How can partnership firm managing bank a?
I suggest it would be best to consult your firm's Chartered Accountant or any practicing CA. I m suggesting the same as giving solutions to such issues on public platform isn't advisable and goes against professional ethics. Moreover, the sloution varies on case to case basis and would require certain understanding of nature of the business u r in..present position of the firm (financially), reason for enhanced credit, proposed utilization of the same etc etc.