Free Loan Repayment Application Letter Template
Loan Repayment Application Letter
Date: November 19, 2050
Maria Turner
Senior Loan Advisor
IntelShop
Philadelphia, PA 19102
maria@you.mail
Dear Ms. Maria Turner,
I hope this letter finds you well. My name is [Your Name], and I am writing on behalf of [Your Company Name] to request a modification to the loan repayment terms for the business loan we obtained from IntelShop.
Due to unexpected cash flow challenges, we are struggling to meet the original repayment schedule. We would like to request an extension of the loan term and a reduction in the monthly payments. We believe that this adjustment will allow us to fulfill our obligations without affecting our operational capabilities.
As a company, we have always maintained a strong financial track record with IntelShop. However, the recent market fluctuations and an unexpected drop in revenue have impacted our ability to adhere to the current terms. We are committed to repaying this loan and are confident that this adjustment will enable us to continue doing so while remaining financially stable.
Thank you for considering our request. If you require further documentation or would like to discuss this matter in more detail, please do not hesitate to contact me at [Your Company Email] or [Your Company Number]. We appreciate your support in helping us manage this situation.
Sincerely,
[Your Name]
[Your Email]
[Your Company Name]
