Gift Letter for Business Loan
October 10, 2050
ABC Bank
Attn: Loan Officer
789 Business Avenue
Chicago, IL 60601
Dear Loan Officer,
I, [Your Name], am writing to confirm that I am gifting $50,000 to Jane Smith, the owner of Smith Consulting Services, for the purpose of supporting her loan application to ABC Bank. This financial assistance is intended to help her expand her business operations and secure additional capital for growth.
I confirm that this amount of $50,000 is a gift and is not a loan. I do not expect any repayment of this amount, nor will I seek any ownership interest or compensation from the business in exchange for this gift. This gift is provided freely and is solely to assist Jane Smith in obtaining the necessary funding for her business.
Please note that there are no conditions attached to this gift, and no repayment will be required in the future. This gift is intended to strengthen the financial position of Smith Consulting Services and is provided without any obligation on the part of Jane Smith or the business to repay or return the funds.
Should you need any additional information or documentation regarding this gift, please feel free to contact me at the details provided above.
Thank you for your consideration of this matter.
Sincerely,
[Your Name]
[Your Email]
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