Loan Application Letter Design
August 19, 2050
Mr. Robert Hamilton
Senior Loan Officer
Pinnacle Financial Services
7890 Enterprise Lane
Greenwood, GW 54321
Dear Mr. Hamilton,
I am writing on behalf of [Your Company Name] to formally apply for a business loan in the amount of $750,000. This loan will be used to expand our production facilities and purchase new equipment to meet the growing demand for our products. The expansion is expected to significantly increase our production capacity and revenue over the next five years.
[Your Company Name] has demonstrated strong financial performance over the past several years, as evidenced by our attached financial statements. Our business has maintained a steady growth rate of 12% annually, and our current cash flow is sufficient to comfortably meet the proposed loan repayments. We are proposing a repayment period of 10 years, with monthly payments to be made from our operating income. Additionally, we are offering our commercial property at [Property Address] as collateral for the loan.
Enclosed with this letter, you will find the following documents to support our application:
Business Plan – Outlining the projected growth and financial forecasts.
Financial Statements – Including our balance sheet, income statement, and cash flow statement for the past three years.
Collateral Documentation – Details and valuation of the commercial property being offered as collateral.
We believe that this loan will enable us to capitalize on new opportunities in the market and significantly contribute to the continued success of our business. We are confident in Pinnacle Financial Services' ability to facilitate this request and look forward to your favorable response.
Should you require any additional information or documentation, please do not hesitate to contact me directly at [Your Number] or via email at [Your Email]. Thank you for your consideration of our loan application.
Sincerely,
[Your Name]
Financial Manager
[Your Company Name]
Letter Templates @ Template.net
