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

Dear Sir, I hope
this
letter finds you well. I am writing
this
letter in context to avail a business loan from your bank. I am a professional dentist and I want to start a clinic, where I will be doing all kinds of dental procedures. I graduated in 2014 and ever since after
that
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that,
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I have been working in a private hospital as a junior dentist, in order to, gain practical experience. There are a few things, which I need to start my business.
Firstly
, a commercial space on rent.
Secondly
, dental equipment
such
as Dental
chair
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chairs
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,
X-Ray
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X-ray
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Machine
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Machines
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, Air
compressor
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compressors
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etc and
lastly
, dental materials.
Therefore
, I am looking for a loan amount
around
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of around
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Seven Lacs, because I want to buy standardised
equipments
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equipment
types of equipment
pieces of equipment
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only. I have talked with a few clinicians and
according to
majority
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the majority
a majority
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of them, it takes around three to four years to establish a clinic.
Hence
, keeping that in mind it would be great
,
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apply
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if
loan
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the loan
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tenure is 5 Years and I will be paying
installments
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instalments
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on
monthly
Correct article usage
a monthly
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basis. I hope you
would
Wrong verb form
will
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do best in your limits to
fulfill
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fulfil
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my needs. I am looking forward to hearing from you. Yours faithfully, Jatinder.
Submitted by mrsdns on

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Coherence and Cohesion
Ensure each paragraph focuses on a single idea to enhance clarity. The paragraph about the business details could bring in specific costs for transparency.
Greeting and Closing
Consider using a formal salutation and complementary close for improved business letter etiquette.
Task Response
The letter addresses all the required points: type of business, amount needed, and repayment plan.
Suitability of Writing Tone
The writing tone is polite and appropriately formal for a business letter.

You are not ready for IELTS Speaking, if you

  • Can’t speak smoothly without pauses.
  • Use simple words and lack vocabulary.
  • Feel nervous and anxious when speaking.
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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