[These are Sample application letter to bank manager for getting a business loan to start your business or extend your business. You can also follow this Application for a business loan from any financial institution to support business. You can modify this format as your requirement.]
Sub: Application Letter for Business Loan
Dear Honorable Bank Manager,
Have a nice day, Hope you are well and doing good.
Sir, as we want to initiate the business of Textile (Type of business) and I need some funds to establish this business. We have 5/10/15 years’ experience in textile (Type of business) and have well understanding for this business. We have just a shortage of finance that’s why unable to run this business.
So, it is requested to you to grant me some loan from your bank. So that we can start the business with the loan. We will pay this loan as per your required policies.
Hope you will coordinate and help in this regards
Thanks and Best Regards,
Contact and signature…
Re: Business loan request for (Amount of Money)
Dear Lender’s Name,
The aim of this letter is to request a small business loan of (amount of money) to improve and upgrade my restaurant (Type of business). My business is registered and approved by the health department. I have been in business for the past five years and have shown a profit each year.
One of the reasons my restaurant is so successful is, we purchase fresh produce daily and prepare several dishes that represent the cuisine of both (Types of Foods and quality).
To meet the growing demand for our specialty, I need to expand the kitchen, add some new stovetops and refrigerators as well as expand the dining area. My restaurant is crowded every night, especially on the weekends. I have already invested most of my profits in the restaurant and require the loan to expand in order to meet demand.
Please see the attached business plan that outlines my financial projection for the next five years and clearly states my assets to date. If you have any questions, I can be reached at 000-111-222 or at Name@email.com. Thank you for your attention to my loan application.
List of Enclosures (Business Plan)