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: 1) what kind of business you want to start 2) how much money you need 3)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

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Dear Jim, I hope

this

Linking Words

message finds you well. I am writing to inquire about obtaining a

business

Use synonyms

loan

Use synonyms

to finance a small

business

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I am planning to start. The

business

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I intend to establish is a [state the type of

business

Use synonyms

., café,

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-commerce store, or boutique], which will cater to [specific target market or niche,

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., young professionals seeking healthy snacks or unique, handmade products]. After conducting extensive market research, I am confident

this

Linking Words

venture has strong potential for success in our area. I am seeking a

loan

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of [state amount,

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., $50,000] to cover initial expenses

such

Linking Words

as inventory, equipment, lease agreements, and marketing efforts. Based on my financial projections, I anticipate being able to repay the

loan

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over a period of [state timeframe,

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., five years], with manageable monthly

installments

Change the spelling

instalments

show examples

. I would greatly appreciate it if you could provide details regarding the

loan

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application process, interest rates, and any specific requirements for securing the

loan

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. Please let me know if an in-person meeting or additional documentation is needed to proceed. Thank you for your time and assistance. I look forward to your response. Yours sincerely, Sam

sidaqpreet1999Tue Nov 19 2024

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task achievement

Include the type of business explicitly for clarity.

task achievement

Make sure to break down costs more specifically if possible.

task achievement

Polite and formal tone maintained throughout the letter.

coherence cohesion

Clear introduction and conclusion, making the letter easy to follow.

coherence cohesion

Each paragraph discusses a single topic, maintaining focus.

2
Linking words
meeting the goal of 7 or more
4
Word repetition
meeting the goal of 3 or fewer
1
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 8.0

Logical structure

Single idea per paragraph

Greeting and closing

Accurate linking words

Variety in linking words

Lexical resource: 5.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 8.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 8.0

Complete response

Suitable writing tone

Appropriate word count

8 paragraphs

190 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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