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Bank Loan Request Letter

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Bank Loan Request Letter Powered By Docstoc
					This is a sample Bank Loan Request Letter from a company requesting a loan from a
bank. It contains a summary that briefly describes the company, reason for the request,
the opportunity (if applicable), and how the requested funds will be used. The bank loan
request document is similar to a standard cover page. The letter should be addressed
directly to the appropriate bank personnel and be accompanied by a detailed business
plan or proposal. This document is ideal for a small business who is trying to obtain a
bank loan for a specific purpose.
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© Copyright Envision Corporation. 2002. All rights reserved. Protected by the copyright laws of the United States & Canada and by international treaties. IT IS   C
ILLEGAL AND STRICTLY PROHIBITED TO DISTRIBUTE, PUBLISH, OFFER FOR SALE, LICENSE OR SUBLICENSE, GIVE OR DISCLOSE TO ANY OTHER                                      o
PARTY, THIS PRODUCT IN HARD COPY OR DIGITAL FORM. ALL OFFENDERS WILL BE SUED IN A COURT OF LAW.
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[CONTACT NAME]                                                                                                                                                    E
[CONTACT TITLE]                                                                                                                                                   n
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[ADDRESS]                                                                                                                                                         i
[ADDRESS 2]]                                                                                                                                                      s
[CITY, STATE, ZIP]                                                                                                                                                i
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RE: BANK LOAN REQUEST
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Dear [CONTACT NAME],                                                                                                                                              o
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[COMPANY NAME] is a successful and well established [BUSINESS DESCRIPTION] business that                                                                          a
began operating in [MONTH, YEAR] as a small [BUSINESS DESCRIPTION] business selling                                                                               t
[DESCRIPTION OF PRODUCTS/SERVICES]. [COMPANY NAME] not only sold its                                                                                              i
[PRODUCTS/SERVICES] through its own website, but also through [LIST SELLING CHANNELS],                                                                            o
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realizing annual sales of [AMOUNT] in its first year of operation. In just [NUMBER OF YEARS]                                                                      .
years, annual sales have soared to [AMOUNT]. Both the company’s headquarters and
production facility are currently located in [CITY, STATE].                                                                                                       2
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In [YEAR], [SUBSIDIARY] was established as a subsidiary of [COMPANY NAME], to serve as a                                                                          2
distributor for [COMPANY NAME]. Within two years, [SUBSIDIARY] has already generated                                                                              .
[AMOUNT] in annual sales.
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Strong sales growth is expected to continue over the coming years, and there are immediate                                                                        l
opportunities to capitalize on within the market, particularly through successful corporate
sponsorship, strategic alliances, production and technology.                                                                                                      r
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The Company would like to take advantage of this market opportunity by expanding its existing                                                                     h
business to gain market share, reduce production costs, and realize its full Return on                                                                            t
Investment (ROI) potential.                                                                                                                                       s

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The Company, which has successfully positioned itself as a key player in the [INDUSTRY                                                                            e
DESCRIPTION] industry is seeking a loan in the amount of [AMOUNT], for immediate market                                                                           s
expansion and to realize operational efficiencies. These funds will be exclusively earmarked for                                                                  e
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infrastructure investment, inventory, and operations, and will be used to accomplish four                                                                         v
specific objectives:                                                                                                                                              e
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© Copyright Envision Corporation. 2002. All rights reserved. Protected by the copyright laws of the United States & Canada and by international treaties. IT IS
ILLEGAL AND STRICTLY PROHIBITED TO DISTRIBUTE, PUBLISH, OFFER FOR SALE, LICENSE OR SUBLICENSE, GIVE OR DISCLOSE TO ANY OTHER
PARTY, THIS PRODUCT IN HARD COPY OR DIGITAL FORM. ALL OFFENDERS WILL BE SUED IN A COURT OF LAW.



           Increase production capacity
           Lower operating costs
           Increase inventory
           Reduce debt

The chart below shows the specific use of funds.

                                              USE OF FUNDS                                       AMOUNT
                                              Equipment/Machinery                             $[AMOUNT]
                                              Tools                                           $[AMOUNT]
                                              Materials                                       $[AMOUNT]
                                              Working Capital                                 $[AMOUNT]
                                              Debt Reduction                                  $[AMOUNT]
                                              Inventory                                       $[AMOUNT]
                                              TOTAL                                           $[AMOUNT]


Sincerely,



[YOUR NAME]
[TITLE]
[PHONE NUMBER]
[EMAIL ADDRESS]
[BUSINESS WEBSITE]
© Copyright Envision Corporation. 2002. All rights reserved. Protected by the copyright laws of the United States & Canada and by international treaties. IT IS
ILLEGAL AND STRICTLY PROHIBITED TO DISTRIBUTE, PUBLISH, OFFER FOR SALE, LICENSE OR SUBLICENSE, GIVE OR DISCLOSE TO ANY OTHER
PARTY, THIS PRODUCT IN HARD COPY OR DIGITAL FORM. ALL OFFENDERS WILL BE SUED IN A COURT OF LAW.



				
DOCUMENT INFO
Description: This is a sample Bank Loan Request Letter from a company requesting a loan from a bank. It contains a summary that briefly describes the company, reason for the request, the opportunity (if applicable), and how the requested funds will be used. The bank loan request document is similar to a standard cover page. The letter should be addressed directly to the appropriate bank personnel and be accompanied by a detailed business plan or proposal. This document is ideal for a small business who is trying to obtain a bank loan for a specific purpose.
This document is also part of a package Personal Financial Planning Kit 28 Documents Included