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. You do NOT need to write any addresses

Dear Sir/Ma, I plan to commence my personal enterprise and would like to obtain a business loan. I am writing
this
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letter to inquire about the necessary information needed to obtain a loan for a start-up. I would want to open a real estate company in the coming year. Interestingly, there are a lot of buildings to buy and sell in my neighbourhood.
Moreover
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, I have attended a good number of conferences
,
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apply
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and completed a fair number of courses in the real estate industry. In total, I require approximately $100,000.
This
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includes the cost of purchasing my first small building, hiring an attorney, and paying for property taxes. From my calculation, the loan would be repaid 2 years after my first purchase. The first business year is for breaking even, and the second year would yield profit.
Finally
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, I am excited for
this
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opportunity, and I appreciate your consideration. Looking forward to your response. Yours faithfully, Ginika Uzoekwe.

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task
Task: The letter answers the task well by naming the business, the money you need, and how long to repay. Try to be clearer and shorter, and add a small plan for how you will use the loan.
coherence
Coherence: Put each idea in its own part or paragraph and use simple links like First, Next, Then to help flow.
tone
Polite and formal tone with a proper closing
content
It states all 3 required items: kind of business, amount, and repayment time
structure
General letter form is followed
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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