You want to start your own small business.Write a letter to ask a bank requesting information about obtaining a business loan to finance your new company. 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

Dear Madam I wanted to
startmy
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start my
own small business.I am writing to ask about obtaining a business
loan
to finance my new company.I am hoping you would finance my company with some document
requirement
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requirements
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so that I can apply for the
loan
.I have
compeleted
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completed
my
gradutain
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graduation
graduating
from the University of California and my major was marketing.Now I am interested
to start
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in starting
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new
Correct article usage
a new
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clothes shop of my own and need a
loan
to support it. I own the location of the shop and have some prior experience
of
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apply
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working at
large
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a large
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clothes shop. I can provide 50% of the fund requirement and need another $5000 as a
loan
from your bank. I can repay the
loan
amount with interest within 2 years.
However
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However,
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I need
three
Correct determiner usage
a
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months
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three-month
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grace period before I start repaying my monthly instalment. I would really appreciate it if you could send me details of the
loan
,
monthlyi
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monthly
instalment amount and so on.
Also
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Also,
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forward me the documents. I need to fill in and submit for the
loan
. Yours faithfully Mushtariy
Submitted by omondavlat91 on

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Coherence & Cohesion
To improve coherence and cohesion, make sure to organize your writing with one main idea per paragraph and link sentences smoothly. Use a variety of linking words and make sure each new paragraph logically follows from the one before it.
Coherence & Cohesion
Ensure your letter has a clear opening and closing. Address the bank formally and sign off with an appropriate phrase, such as 'Yours sincerely' if you know the name of the person, or 'Yours faithfully' if you don't, but you did not use the recipient's name.
Task Achievement
To enhance task achievement, address all key aspects of the task more fully. For example, explain why the amount of money you're requesting is sufficient for your needs, and ideally attach a preliminary business plan or financial forecast.
Task Achievement
While the writing tone is suitable for a formal letter, there are some informal expressions and spelling mistakes that should be corrected. Use formal language and check grammar and spelling carefully.

Structure your letter

A letter needs to be written using a proper format, including the following:

  • A greeting (Dear sir/madam, Dear John, Dear Mr. Smith)
  • The main body (consisting of paragraphs for each part of the letter)
  • A closing (Yours sincerely, Yours faithfully, Best wishes, Kind regards, Love)

When writing a letter as part of the IELTS General Training Writing Task 1, it is important to include the bullet points presented to you in the question.

All three bullet points need to be presented. And remember that some bullet points contain more than one element. So, make sure to watch for ‘and’ and plurals.

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Essentional vocabulary list for IELTS Writing 7+

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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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