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.

#business #bank #information #loan #finance #company #money #length #time #addresses

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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 Tue Dec 13 2022

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4
Linking words
meeting the goal of 7 or more
0
Word repetition
meeting the goal of 3 or fewer
0
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 9.0

Logical structure

Single idea per paragraph

Greeting and closing

Accurate linking words

Variety in linking words

Lexical resource: 9.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 7.0

Complete response

Suitable writing tone

Appropriate word count

8 paragraphs

170 words

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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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