To whom it may concern,
During the fall of 2010, I successfully applied for a small business loan from the Greater National Bank. With the $100, 000 I received, I was able to open a shop that creates custom shoes for the elderly. As part of the condition of the loan, my monthly payments were to be in instalments of $500.
Due to the ever changing global economy, my small shoe shop has become quite the popular online shopping experience. The yearly gross profits have increased by over %250 over the last 4 years. Now that the business has become highly profitable, I wish to increase the payment size of my business loan. I feel that a monthly payment of $1, 000 is now financially feasible and responsible for the longevity of the business. I have calculated that if the profit margins continue at this pace, the business will be able to pay off the entirety of the loan by 2025.
Please contact me at your earliest convenience so that we may adjust the details of the loan. I look forward to our continued business and appreciate all the help that your bank has provided. Thank you for your time.
Sincerely,
Cherise Conway
CEO, Grandma's Shoes
To whom it may concern,
During the fall of 2010, I
successfully
applied for a
small
business
loan
from the Greater National Bank. With the $100, 000 I received, I was able to open a shop that creates custom shoes for the elderly. As part of the condition of the
loan
, my monthly payments were to be in
instalments
of $500.
Due to the
ever changing
global economy, my
small
shoe shop has become quite the popular online shopping experience. The yearly gross profits have increased by over %250 over the last 4 years.
Now
that the
business
has become
highly
profitable, I wish to increase the payment size of my
business
loan
. I feel that a monthly payment of $1, 000 is
now
financially
feasible and responsible for the longevity of the
business
. I have calculated that if the profit margins continue at this pace, the
business
will be able to pay off the entirety of the
loan
by 2025.
Please
contact me at your earliest convenience
so
that we may adjust the
details
of the
loan
. I look forward to our continued
business
and appreciate all the
help
that your bank has provided. Thank you for your time.
Sincerely
,
Cherise
Conway
CEO, Grandma's Shoes