I am writing to inquire about the possibility of a business loan from your bank to finance a startup business I have planned to commence soon. I am hoping you would provide me with some information and document requirements so that I can apply for the loan.
I have completed my graduation from the University of Edison and my major was marketing. Now I am interested to start a coffee shop of my own and need a loan to support it. I own the location of the shop and have some prior experience of working at a large coffee shop. A business outlining firm responsible for the business plan has suggested a capital requirement of $10, 000 for the coffee shop. I can finance 50% of the fund requirement and need another $5000 as a loan from your bank.
My father would be ready to be a guarantor for the loan and I can repay the loan amount with interests within 2 years. However, I need three months' grace period before I start repaying my monthly instalment.
I would really appreciate if you could send me details of the loan including the interest rates, monthly instalment amount and so on. Also, forward me the documents I need to fill in and submit to actually apply for the loan.
Yours faithfully,
James Moore
I am writing to inquire about the possibility of a
business
loan
from your bank to finance a startup
business
I have planned to commence
soon
. I am hoping you would provide me with
some
information and document requirements
so
that I can apply for the loan.
I
have completed my graduation from the University of Edison and my major was marketing.
Now
I
am interested
to
start
a coffee
shop
of my
own
and
need
a
loan
to support it. I
own
the location of the
shop
and have
some
prior experience of working at a large coffee
shop
. A
business
outlining firm responsible for the
business
plan has suggested a capital requirement of $10, 000 for the coffee
shop
. I can finance 50% of the fund requirement and
need
another $5000 as a
loan
from your bank.
My father would be ready to be a guarantor for the
loan
and I can repay the
loan
amount with interests within 2 years.
However
, I
need
three months' grace period
before
I
start
repaying my monthly
instalment
.
I would
really
appreciate if you could
send
me
details
of the
loan
including the interest rates, monthly
instalment
amount and
so
on.
Also
, forward me the documents I
need
to fill in and submit to actually apply for the loan.
Yours
faithfully
,
James Moore
2Linking words, meeting the goal of 7 or more
18Repeated words, meeting the goal of 3 or fewer
3Mistakes