You want to start your own small business. Write a letter to a bank requesting information about obtaining a business loan to finance your new company. In your letter, include the following information: what kind of business you want to start how much money you need the length of time over which you would expect to repay the money

✨ Do you want to improve your IELTS writing?
I am writing
this
letter to request a bank loan for my
business
startup
. Well, my plan is to build a software house where we will be creating
a different websites
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a different website
different websites
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and
an
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apply
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applications as per the client
business
and their requirement.
Actually
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,Actually
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my prime requirement is to purchase the furniture , hardware, and some IT equipment for
initial
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the initial
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startup
. At
initial
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the initial
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stages
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,stages
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I need almost 1 million dollars for the whole
startup
including the 1 year building rental charges
,
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apply
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and employee salaries. As an entrepreneur and our
business
analysis, I believe the
1 year
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1-year
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target would be perfectly fine for our
startup
,
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apply
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because we can easily cover at least half of our
startup
cost.
Furthermore
; regarding the loan return duration and
installment
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instalment
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criteria, I’ll be comfortable for 2 years of duration on monthly
bases
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basis
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. Because according to best of my knowledge and expertise I think
its
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it's
it is
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better to keep in mind the
business
fluctuations and losses as well.
However
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,However
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I'll
also
make insurance for my employee’s and
whole
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the whole
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business
’ which I believe is really important
now a days
Correct the word
nowadays
show examples
. Thanks.
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Use a variety of complex and simple sentences

You should use complex sentences in your writing, but it does not mean that you should try to make all of our sentences complex.

‘Complex’ sentences are not actually very complex; they are just two or more simple sentences put together. Putting them together makes the essay more coherent and cohesive.

Examples:

I really want to study but I’m too tired.

I wore a warm coat because the weather was cold.

If action is not taken soon on climate change, global warming will get worse.

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Topic Vocabulary:
  • financial forecast
  • cash flow analysis
  • target market
  • startup capital
  • business plan
  • profitability
  • repayment schedule
  • collateral
  • creditworthiness
  • entrepreneurial venture
  • capital expenditure
  • industry analysis
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