Loan Commitment Letter
Date: September 3, 2050
Gino Rohan
Tucson, AZ 85701
Dear Gino Rohan,
We are pleased to provide you with this Loan Commitment Letter, confirming our commitment to extend a loan to you under the terms outlined below. We have reviewed your application and are prepared to offer you a loan amount of $75,000 for the purpose of expanding your small business, Davis Enterprises, located at 1234 Elm Street, Springfield, IL 62704.
The loan will be offered at an annual interest rate of 4.5%, with a repayment period of 5 years.
Your first payment will be due on October 3, 2050, and monthly installments will be $1,411.43. This commitment is subject to the completion of all required documentation and the final approval of the loan agreement.
Enclosed with this letter, you will find a summary of the loan terms and conditions, including details on the required collateral, which will include your business assets as specified in your application. To finalize this commitment, please review, sign, and return the enclosed loan agreement and provide any additional required documentation by September 15, 2050.
Should you have any questions or need further clarification, please do not hesitate to contact our loan officer at [Your Email]. We look forward to assisting you in your business endeavors.
Thank you for choosing [Your Company Name].
Sincerely,
[Your Name]
Loan Officer
[Your Company Name]
[Your Email]
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