Sample Application for Bank Loan for Business Purpose
[Below briefly describe on sample Application for Bank Loan for Business Purpose. You can follow these sample application letter to bank manager for getting a business loan to start your business, extend your business, new shop, purchase of shop, loan for the purchase of property, raw material etc.]
Date…
Bank/Branch manager…
Bank name…
Branch Address…
Suv: Application for Business Loan
Kind Attn: Dear Honorable Bank Manager,
Have a nice day, Hope you are well and doing good.
Sir, as we want to initiate the business of (Type of business) and I need some funds to establish this business. We have 10 years’ experience (More/less) in (Type of business) and have well understanding for this business. (Describe in your own words…). We have just shortage of finance that’s why unable to run this business. (Explain actual cause and situation in your own words).
So, it is requested to you to grant me some loan (Money amount) from your bank. So that we can start the business with laon. We will pay this loan as per your required policies.
Hope you will coordinate and help in this regards
Thanks and Best Regards,
Your name…
Address…
Contact Information…
Another Format,
Date…
Bank/Branch manager…
Bank name…
Branch Address…
Sub: Application for Bank Loan for Shop
I am indeed pleased to mention here that your bank and I have a strong relationship for the past 5/10 years, being an account holder in this bank. When I started my first job, I paid the visit of your branch and got the account opened. (Describe in your own words…). Since then, I am making all transactions and other works from this branch of (Bank Name).
Now, it is to inform you that I have left the job and intend to start my own business in the shape of a (shop type). In order to run this new business of (Business type), I need a loan of (Amount of money) at least.
In this regard, if possible then direct your agent to visit the place/shop which I am going to hire and brief me the terms and conditions of the loan and also apprise me of all mandatory documents to provide.
I look forward to hearing from you.
With regards,
Your name…
Address…
Contact Information…
