Loan application letter

Pawan bhardwaj
[32 S Riverview, silicon, Pune 411004] [+91 25487 52145] [Pawan@yahoo.com]

Date: June 21, 2019

Jems s. Alvero,
Manager,
XYZ Bank corporation,
silicon, Pune 411004

Subject:- Loan application letter

Dear Sir/Madam,

I am writing this letter to present my application for a business loan to your bank. I am a small business executive and require this business loan for the expansion of my business in other regions. My company is into the manufacture of chemicals that act as the base raw materials for pharmaceutical companies. we are now planning to expand as I have received more orders for this raw material from many pharmaceutical companies.

Due to the paucity of funds, I am unable to expand my business which requires investment into buying require machinery and equipment for handling these additional production needs. I require a business loan of 3,00,000 rs for a period of one year from the bank to fulfill this machinery and equipment purchase. I am at present having orders worth 55,000 rs month and can easily repay this loan within a matter of one year.

I am attaching the quotation details of the equipment and machinery cost and other needed details along with this letter. I hope that your bank will consider my business loan application and give me a positive reply soon.

Thanking You.

Yours Truly,
Pawan bhardwaj