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Cover Letter for Loan Application - Sample Template

Provided by IFC's Gender Entrepreneurship Markets Program. 


 

Fill out the following letter.  This will be your business plan summary.

BUSINESS Name_____________________
ADDRESS__________________________

 

Date_________________________

Lender's name, bank name, and address

_________________________________

_________________________________

Re: Loan Request for $______________ (fill in amount)

 

Dear (fill in lender's name)___________________________:

I am requesting a small business loan of $____________. I have experience in this industry including ......(mention experience in industry or training that would qualify you to run this business) _______________________________________________

The market for this business... (include one brief paragraph about the industry and its growth)

________________________________________________

________________________________________________

________________________________________________

My target market is... (include one brief paragraph about your target market/customers)

_________________________________________________

_________________________________________________

_________________________________________________

The competition includes.... (include one brief paragraph about your competition and the unique features of your business and how you plan to attract more customers)

__________________________________________________

__________________________________________________

__________________________________________________

__________________________________________________

___________________________________________________

I am investing $___________ of my own money. My collateral consists of business assets having a fair market value of $__________________ and personal assets (if applicable) with a value of $__________________

This loan will help me meet my business targets, which are to increase sales to $_________ by the 12th month and increase profits to $___________ per month. With this loan and in conjunction with this loan, I will make a number of modifications or changes to my current business in order to reach those targets (mention increasing staff, expanding store, signing a new contract, buying more or cheaper inventory, etc.) ____________________________________________________

Attached is my business plan which backs up the loan request. If you have any questions, please contact me at __________________ (include a phone number).


Sincerely,

_________________________ (Your signature)

_________________________ (Your printed name here)

 

 

Copyright 2014 International Finance Corporation. All Rights Reserved.

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Malissa Lucas  |  January 06, 2015
Hello everybody, i am Malissa Lucas from Connecticut, USA; God has bless me with two kids and a lovely husband, I promise to share this because of God favor in my life, 2 months ago I was in desperate need of money so I thought of having a loan then I ran into wrong hands who claimed to be loan lender not knowing he was a scam. he collected 2,000USD from me and refuse to email me since then I was confuse, but God came to my rescue, one faithful day I went to church after the service I share idea with a friend and she introduce me to Carlos Loan Company, she said she was given 52,000.00USD by Mr. Carlos Stev, so I decided to contact them using the below email: { carlos_stev@yahoo.co.uk } ... And to my greatest surprise i got my loan of 96,000.00USD... So if you are really in need of a loan, i would advise you to contact Carlos Stev because he has changed the life of me and my family... And i believe he can do thesame for you. Thanks
  • Currently 0.0/5 Stars.
Theophilus Frempong  |  February 26, 2014
its good and okay

 

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