Letter to Bank

Business Loan Application

No. of Prokens Required: 1 |

Document Preview:

Description:

An application letter to bank applying for a loan for starting up a new business.

We enclosed a copy of our business plan for your review. We are seeing more and more [demand from our customers in this area]. With the loan [(plus the additional capital of [amount] we are going to put up)], we will be able to [upgrade our facility / add a new sales point / increase our production] to meet that increase in demand.

How to use this Document?

This is a standard application Letter to the Bank applying for a loan for starting up a new business, in favour to the company itself. 

Details should be included. This should include account information, company, currency, amount of loan, guarantor, purpose of business. 

Once the bank agrees to provide loan or require more information on loan application, they should contact the company by email or phone. 

How to Tailor this Document for Your Need?

  1. Create Document: Click “Create Document” button and the document will be prepared with your account details automatically filled in.                                                                       
  2. Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the “Next” button.                                                                    
  3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.                                                                                
  4. Please review the document carefully and make any final modifications to ensure that the details are correct before sending to the addressee.
Document Type:

Letter / e-mail / note / correspondence

Category:

Business > Banking and Finance > Commercial Loan Agreement, Intragroup & Director Loan

 
Keywords:

loan

,  

loan application

,  

lending

,  

working capital

,  

business

,  

business plan

,  

upgrade

,  

increase in demand

,  

personal guarantee

,  

mortgage

,  

property

,  
Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.