The business inquiry letter is generally, written by the business owners. Via such a letter, one owner can get in touch with another owner, to get details about the prospective customers. In other words, such a letter is also known as business status inquiry letter. This type of the letter is written, in order to collect the information about nature of the business deal, a level of honesty, goodwill, financial capability etc. Getting answer to such an inquiry letter can allow you to decide whether you should carry out a particular business transaction or not. The response to such a letter, may or may not work in your favour.