Bank Loan Request Letter
Bank Loan Request Letter
August 19, 2050
Ms. Linda Rogers
Loan Officer
Summit Bank
9876 Financial Boulevard
Grandview, GV 23456
Dear Ms. Rogers,
I am writing to formally request a loan from Summit Bank to support our ongoing expansion efforts at [Your Company Name]. We are seeking a loan of $500,000.00 to finance the development of a new production facility and to bolster our working capital.
Details of the Loan Request:
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Loan Amount Requested: $500,000.00
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Purpose: Construction of a new facility to increase production capacity and enhancement of working capital for inventory and operational costs
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Proposed Loan Term: 5 years
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Repayment Plan: Monthly installments with an interest rate of 2%
Our company has demonstrated strong growth over the past three years, and this expansion is critical to meeting increasing demand and sustaining our competitive edge. Enclosed are our financial statements for the past three years, a detailed business plan for the new facility, and projections for the anticipated growth.
We would appreciate the opportunity to discuss this loan request in more detail and to explore potential terms. Please contact me at [Your Number] or via email at [Your Email] to schedule a meeting or if you require any additional information.
Thank you for considering our loan application.
Sincerely,
[Your Name]
Financial Manager
[Your Company Name]
