Business Loan Application Letter Sample PDF

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]

[Date]

[Lender’s Name]
[Bank or Lending Institution’s Name]
[Bank Address]
[City, State, ZIP Code]

Dear [Lender’s Name],

I am writing to apply for a business loan of [Amount Requested] to support the growth and expansion of [Your Business Name]. Our company, founded in [Year Founded], specializes in [Brief Description of Business], and we are seeking this loan to finance [Specific Purpose of Loan: e.g., equipment purchase, working capital, expansion of premises].

Company Overview

[Your Business Name] has been a leading provider of [Product or Service] in [Location] for [Number of Years]. We have experienced consistent growth, with [Number of Employees] employees and annual revenues of [Annual Revenue]. Our mission is to [Mission Statement], and we have achieved this through [Key Achievements: e.g., high customer satisfaction, innovative products, etc.].

Loan Purpose and Benefits

The loan will be used for:

1. [Purpose 1: e.g., purchasing new equipment] - This will enable us to increase production capacity and improve product quality.
2. [Purpose 2: e.g., expanding our retail space] - This will help us accommodate more customers and increase sales.
3. [Purpose 3: e.g., investing in marketing campaigns] - This will enhance our brand visibility and attract new clients.

We anticipate that these investments will result in [Expected Outcomes: e.g., increased revenue, higher customer satisfaction, job creation], thereby contributing to the overall growth of the company and the local economy.

Financial Information

Please find below a summary of our financials:

Our balance sheet and income statement for the past three years are enclosed for your review.

Repayment Plan

We propose a repayment plan over [Number of Years] years with a monthly installment of [Amount]. Our projected cash flow indicates that we will be able to comfortably meet these repayments without affecting our operational efficiency.

Conclusion

We believe that with your support, [Your Business Name] will continue to grow and contribute positively to the local economy. We are confident in our ability to manage and repay the loan as per the terms. I would appreciate the opportunity to discuss this application in more detail and provide any additional information you may require.

Thank you for considering our application. I look forward to your positive response.

Sincerely,

[Your Name]
[Your Position]
[Your Business Name]