You can use this Application Letter for Loan Application to request a loan and state your repayment period and additional negotiations.
[Applicant’s Name]
[City, State and Zip Code]
[Mobile Number]
[Email Address]
[Application Date]
[Recipient’s Name]
[Bank’s Name]
[City, State and Zip Code]
Dear [Recipient’s Name],
I am writing to request a [Amount] loan from your bank for [Purpose of the loan]. My business has been on an upward trend for the last [Years], posting positive returns and increasing market base. This has necessitated the need for [reason for the loan].
Our company has done thorough market research on the viability of our plan, and we are positive it will yield good returns. We have also consulted our customers on this new venture, and we are pleased to announce that your loan will be utilized well.
Please find attached a detailed business plan with all our projections and challenges likely to be encountered. We look forward to a physical meeting to discuss more on this request. Please reach out to us for any information through [Company’s Number].
Sincerely,
[Applicant’s Signature]
[Applicant’s Name]
[Role in the Company]
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