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