Business Proposal Letter for Bank Loan – Sample Business Proposal Letter for Requesting a Bank Loan

To,
__________ (Recipient’s Name)
__________ (Designation)
__________ (Bank/Organization Name)
__________ (Bank Address)

Date: __/__/____ (Date)

Subject: Application for Business Loan

Dear __________ (Recipient’s Name),

I am writing to formally request a business loan of __________ (Loan Amount) from __________ (Bank/Organization Name) for the purpose of __________ (Purpose of Loan). My company, __________ (Your Company Name), has been in operation for __________ (Number of Years), and we specialize in __________ (Brief Description of Business).

The loan will be used to __________ (Detailed Explanation of How Loan Will Be Used, e.g., expand operations, purchase equipment, etc.). We expect that the loan will enable us to __________ (Expected Outcome, e.g., increase production, hire additional staff, etc.), thereby benefiting both our business and the community.

I have attached our business plan and financial statements for your review. I am available to discuss this request in further detail at your convenience. You can contact me at __________ (Your Phone Number) or via email at __________ (Your Email Address).

Thank you for considering our application. We are hopeful for a favorable response.

Sincerely,

__________ (Your Name)
__________ (Your Contact Details)