Free Business Loan Application Letter Template
Business Loan Application Letter
September 3, 2050
Elvie Block
Loan Officer
StronkCo
Minneapolis, MN 55401
Dear Elvie Block,
I am writing to formally apply for a business loan from StronkCo. As the owner of [Your Company Name], a technology consulting firm, I am seeking a loan of $250,000 to expand our operations and invest in new technology that will enhance our service offerings.
Our business has experienced consistent growth over the past five years, with annual revenues increasing by 15% each year. We have a solid client base and a strong market position in the technology consulting industry. The funds from this loan will be used specifically to purchase advanced software, hire additional skilled staff, and expand our marketing efforts to reach a broader client base.
I have attached all the necessary documents, including our business plan, financial statements, and tax returns, for your review. I am confident that our business is financially sound and has the capacity to meet the loan repayment terms.
Please let me know if there are any additional details or documentation required to process this application. I am available to discuss our business plans and the loan terms at your earliest convenience.
Thank you for considering my application. I look forward to your positive response and am excited about the possibility of partnering with StronkCo to further the growth of [Your Company Name].
Sincerely,
[Your Name]
Owner, [Your Company Name]
[Your Email]
