Sample Loan Request Letter-Asking Money From The Office
You may be a housewife, a bachelor, a business man or just any other individual. You definitely need to apply for a loan at some time for some personal requirement or for business purposes. For applying for a personal loan or a loan for your business you need to write a loan request letter to the bank or venture capitalist.
A loan request letter is not something very difficult to write or understand, it is a mere formal letter requesting the bank manager to approve your loan. The letter should be drafted as follows:
Name and address on the top left hand side of the page
To____________, name of the bank manger
Start your letter with greetings like "Dear Sir ____"
Tell them how long you have been associated with the bank and past experiences in short.
If you are applying to a venture capitalist for the first time you need to tell them who you are actually and how promising you are
Then you have to mention the exact loan amount required in number and words
State the reason as to why you need this loan
Mention the documents you are submitting with the letter for the loan.
Mention the last date if any by which you need the money.
And finally please thank the manager; after all he has put in effort to read your letter.
Reason for loan:
This is the main part of your request letter. The reason of your loan request has to be mentioned specifically. If you are applying for a loan for some new business venture you will have to:
Specify your business venture
Specify the research you have done on it by attaching the necessary reports with the letter
Explain the future prospects of your business
Explain your break even period and so on.
This data will help the loan approver official to decide about your loan request.
This sample loan request letter will help you draft a winning loan request letter.
New York- 110212
Date: 28th January, 2011
New York Bank,
New York- 110212
Sub: Request for a loan of amount $20000
Dear Mr. Smith,
I am Mathew May, a client of your reputed bank for past ten years. You bank has always supported my company ABC farms. We started with a small venture with only 10employees and now we are a big company with more than a 1000 employees.
As we are moving ahead towards expansion and diversification we would need you help and support. ABC farms is into all kinds of milk and milk products. Now we are about to enter into Retail Factory outlets. We are located close to the city so we are setting up a factory outlet in our premises only.
However we will need a loan amount of $20000 to furnish the spare workshop area we have so that we can convert it into a factory retail outlet.
We hope to get this help from your bank. I have attached the blue print of the area which is to be used and also photograph of how is it going to be developed into a factory outlet.
Hope to get a positive reply soon.
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