Approval Letter Cash Advance
Judith R. Campuzano
Swift Aid Solutions
2412 Clark Street
East Northport, NY 11731
John Smith
123 Main Street Anytown
Dena O. Martin 456 Elm Street Otherville, USA
Dear Ms. Martin,
I hope this letter finds you well.
I am pleased to inform you that your request for a cash advance has been approved. This letter serves as formal approval for the requested cash advance. Please find below the details and conditions associated with this approval:
Approved amount: $5,000
Purpose of the cash advance: To cover project expenses
Repayment terms: The cash advance is to be repaid within 6 months, starting from September 15, 2022.
Monthly installment: The repayment amount will be divided into equal monthly installments of $833.33.
Please note that as part of the approval conditions, you are required to sign a promissory note acknowledging these terms and conditions before the disbursement of funds. Additionally, the entire amount will be subject to a 5% interest rate, which will be applicable to any outstanding balance at the end of the repayment period.
In order to proceed with the disbursement, please provide the necessary documentation, including the signed promissory note, to our finance department no later than September 13, 2022. Once we receive the completed paperwork, the funds will be transferred to your designated bank account within two business days.
Should you have any questions or require further clarification, please do not hesitate to contact our finance department at [email protected] or (555) 123-4567.
We appreciate your prompt attention to this matter. We are confident that you will manage the cash advance responsibly and utilize it for the intended purpose.
Thank you for your cooperation.
Sincerely,
Judith R. Campuzano
SwiftAid Solutions
Email: j.campuzano@directhelpassistance.com
Phone no.: 222 555 7777
