Request Letter to the Bank Manager for Business Loan
Date: July 16, 2019
Name of Addressee
Designation
Company Address
Sub: Prayer for Business Loan.
Dear Sir,
Our company has been maintaining a loan account with your branch since the last [insert tenure, e.g. 15 years] years. During this long period we availed consecutive loan facilities from your top-rated bank in order to run our business. And we can’t deny the fact that it had really been a wonderful association with your bank for all those years.
We are very pleased to inform you that over the past few years our company has been growing constantly and the bulk of our business has expanded noticeably. To uphold this pace of development, at present we are in need of a minimum fund of [insert amount, e.g. USD 10 million]. In this case, we have decided to take a credit facility by mortgaging one our landed properties, which has currently a market value of [insert value of property, e.g. USD 15 million].
You are well-aware that we had never been black listed as a defaulter in any commercial banks in [insert name of country, e.g. USA]. And it is quite assumable that we will preserve the very stance of repayment in the upcoming days as well. Therefore, we would request you to kindly sanction us a loan of [insert amount, e.g. USD 10 million] as to enable us to further extend our business. We firmly assure you that we shall make the repayments in compliance with your prevailing bank policy.
Thank you in advance for consideration.
Best regards,
Handwritten Signature
(Name of Signatory)
Designation
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