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 Write at least 150 words. You do NOT need to write any addresses.

Dear Sir or Madam, I am writing to sincerely request a financial loan regarding my initiative business. I would like to establish a financial incorporation since I have been a professional financial advisor for five years. Due to my speciality, I
also
expect to have a partnership with two licensed financial agents to start up
this
new company. Fifty thousand dollars are an ideal amount of loan is obliged to set up for the
first
step of opening a firm, and I have attached an assessment list related to the detail of the corporate establishment.
Additionally
, I provide numerous supporting documents to ascertain the authenticity of currently owned properties. I would like to repay
this
debt by dividing it into 5 years because the accountant has an initial evaluation of the annual profit at fifteen thousand dollars. After deducting all overhaul costs, the remaining part of earnings would be a priority to pay off
this
expenditure. I look forward to hearing your response regarding
this
inquiry. Yours Faithfully, Claire Chen
Submitted by claire9377 on

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Topic Vocabulary:
  • business loan
  • finance
  • capital
  • entrepreneur
  • startup
  • investment
  • repayment period
  • repayment schedule
  • principal amount
  • interest rate
  • financial assistance
  • business plan
  • profit potential
  • market analysis
  • industry opportunities
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