BIG FORUM, LTD.
New York 92214
Date : …….
(Address of the Bank)
I am enclosing an application for a loan of $ 5.000. The money is needed for the modernisation of one of our spinning mills located at Jargon Industrial Estate. The details of the proposed expenditure are given at Appendix A to the application form.
Our company has a very good track record. During the last three years, we have achieved a growth rate of 100%. Our rate of return on investment is comparable to the best in the industry With the modcrnisation of the plant, we expect the productivity to improve at least by 30%. Considering the present rate of growth and the bright market potential for cotton textiles in the country we should find no difficulty in liquidating the loan within the suggested period of three years. Our company has a very sound financial position. We own immovable assets worth$ 3 billion, a part of which is offered as collateral. Our current account balance has never gone below the $ 5000 mark ever since we opened an account with you.
We have been your client for over a decade now, and this is the first time we are approaching you for such a large loan. You will understand that we need this loan on an urgent basis. I do hope you will not fail us in this hour of need.