SME Toolkit Logo
Partner Logo
Home  > Application for a Loan - Melissa's Case Sample
 Share  Print Version  Email

Application for a Loan - Melissa's Case Sample

Provided by IFC's Gender Entrepreneurship Markets Program. 


Melissa has been approached by two big mining corporations who want to place orders for both T-shirts and uniforms for their employees. The first company is looking to buy 10,000 T-shirts and 2,000 uniforms, and would like it delivered in 3 phases. The second company is looking to buy 4000 T-Shirts some with designs and some without, in both V-neck and round neck. The T-shirts should be delivered in 5 months.

Melissa can probably meet the second order with the current equipment she has, but in order to meet the first one and ensure the quality, she will need better performing machines and a larger space. Melissa has decided to approach the bank for a $200,000 loan to do this. 

Sample of her loan application:

 

Melissa's T-SHIRTS Inc. 

January 1, 2006

Mr. Joseph Brown
Account Officer
First Union Bank
1075 Main Street
Chicago, IL

Re: Loan Request for $ 200,000

Dear Mr. Brown,

I am requesting a loan of $200,000 in order to expand my business. I have over 15 years of experience in the fashion industry. I worked for 5 years sewing clothes for the Uniform Company and another 5 years sewing high fashion clothes for Boutique Mabelle. In 2000, I started my own business with personal and family funds and began selling ladies T-shirts with hand-painted designs. I later started doing silk-screening in order to accommodate larger orders.

I plan to use the $200,000 as follows: $100,000 to purchase a new silkscreen machine and sewing machine that will allow me to print 20 T-shirts at one time,  $100,000 for building materials to expand a new space for the business.

The market for this business is good. Women in particular, especially, are fond of my unique, hand-painted designs, and I have had a continuous and growing demand for these customized T-shirts. Many of these customers are repeat customers. There is also a growing number of groups and businesses, which are preferring to purchase custom designed T-Shirts for their business, rather than use the standard products from the uniform manufacturers. I strive to produce quality products which satisfies basic needs, and offered at reasonable prices. 

My target market is threefold: fashion oriented young people who seek an exclusive and unique design (retail or through a boutique); working women; and groups and associations who require a T-Shirts for different occasions such as conferences, or to mark special events.

My competition includes: the tourism oriented shops which print designs on T-shirts at a very low price; the boutiques which make blouses for ladies; and, companies such as the Uniform Company, which produce T-Shirts and Shirts for businesses. My business has two advantages over my competition - my prices are slightly lower because I have a lower cost structure, and my designs are very beautiful and unique. My hand-painted T-shirts cannot be found anywhere else, and my silkscreen designs are also quite popular because of the richness of the colors. I believe I am responding to the needs of my customers, who want something unique and fashionable, while still reasonably priced.

I am investing $30,000 of my own money, generated over the last months from the business. My collateral consists of business assets having a fair market value of $35,000 and personal real estate assets with a value of $35,000.

Attached is my business plan which backs up the loan request. If you have any questions, please contact me at 555-1234. I would like to meet with you to go over my financing proposal. I would also like to invite you to visit my shop.

Sincerely,

Melissa Campbelll 

 

Copyright 2016 International Finance Corporation. All Rights Reserved.

 Share  Print Version  Email
Comments & Ratings (303) Overall  
  • Currently 2.4/5 Stars.
If you are a human, do not fill in this field.
Click stars to rate.
   Comments are truncated at 1000 characters
What Others Are Saying
Sort by
View
  • Currently 0.0/5 Stars.
Bob Willams  |  December 24, 2016
Apply for a quick and convenient Christmas loan to pay off bills and to start a new business at the cheapest interest rate of 3%. Do contact us today via: Phone Number (+1-617 934 1393) [co.operateloanservice@gmail.com] for more information.
  • Currently 2.0/5 Stars.
John Brown  |  December 23, 2016
  • Currently 5.0/5 Stars.
campbell joe  |  December 21, 2016
Are you a business man or a woman? Do you need money to start your own business? Do you need loan to settle your debt or pay off your bills or start a nice business? Do you need money for your project? We offer secured loans of any amount and anywhere in the world (individuals, businesses, real estate and legal persons) in our rate of 2% excellent. For application responses and to send more information to the following email address: (khalifafinancialcompanies@gmail.com) http://khalifafinancialcompany.weebly.com
  • Currently 5.0/5 Stars.
Calvin Herbert  |  December 21, 2016
  • Currently 5.0/5 Stars.
Ivan Bernate  |  December 21, 2016
  • Currently 0.0/5 Stars.
Swift Loan  |  December 19, 2016
if you need a bad credit loan, Please if you are interested check back with us [MVMS] through this email address: swiftfinancials105@gmail.com Tel: +60166274077 https://www.bricsinvestmentbaking.com/index.html
  • Currently 5.0/5 Stars.
Austin Chilcutt  |  December 19, 2016
Get BLANK ATM Programmed Card and cash money directly in any ATM Machine around you. There is no risk of being caught, because the card has been programmed in such a way that it's not traceable, it also has a technique that makes it impossible for the CCTV to detect you and you can only withdraw a total amount of $5,000.00 USD in a day. Now email us today at our E-mail address at: Atmcardcashmachine@hotmail.com and get your card today and live that luxury life you every dream to live.
  • Currently 5.0/5 Stars.
Jenny Hills  |  December 19, 2016
Testimony On How My Life was Transformed (Lexieloancompany@yahoo.com).. I am writing this Testimony because am really grateful for what Martinez Lexie did for me and my family, when I thought there was no hope he came and make my family feel alive again by lending us loan at a very low interest rate of 2%. Well I have been searching for a loan to settle my debts for the past three months all I met scammed and took my money total 6,500usd until I finally met a God sent Lender. I never thought that there are still genuine loan lenders on the internet but to my greatest surprise i got my loan without wasting much time so if you are out there looking for a loan of any kind for business or other purposes i would advise you to email Mr Martinez via: ( Lexieloancompany@yahoo.com ) or through the Company website: http://lexieloans.bravesites.com OR text: +18168926958 and be free of internet scams. thanks… Jenny Hills CA, United State
  • Currently 0.0/5 Stars.
Mark Lukars  |  December 17, 2016
Hello, DO YOU NEED AN XMAS LOAN??? Fill out your financial worries today: You can smile with this God-fearing man , I got a loan of € 106,000 and two of my colleagues received a loan from that person without any problems or disappointment. I advise you not to choose the wrong person, if you actually want to apply for a loan for your project and any other. I publish this message because of Mr Oliver Klaus, I feel happy with the loan i received from him. It was through a friend I met this man of honor and God fearing man who helped me get this loan fund for editing my life, So I suggest you have to please contact and meet Mr Oliver Klaus to help you get a loan without no problems. Him contact email address: harryfragnadloancompany@gmail.com
  • Currently 3.0/5 Stars.
worldbest hackerzforum  |  December 17, 2016
PLEASE READ!!!! Celebrate this Christmas season with joy and gladness in your heart, do you know that you can hack an ATM card. Am so happy I got mine from worldbesthackerzforum.blogspot.com this programmed ATM cards can be used for withdrawal at any time The ATM card withdraws money from any ATM machines and there is no name on it, it is not traceable The card works in all countries except Philippines, Mali and Nigeria. the cards has a daily withdrawal limit of $5000.we are the ones programming the card and all those testifying about this awesome card got it from us. beware there are scammers everywhere claiming to have this card. so get yours directed from here only. if interested send your request to worlbesthackerzforum@gmail.com

 

Discussion