Business Loan Application Letter Template

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An application letter template you can use to apply for a loan. This formal letter can help you with getting the money you need for improvements in your business. The template is easy to edit and fully customizable.

BUSINESS LOAN APPLICATION LETTER

[DATE]

Dear [RECIPIENT NAME],

The intent of this letter is to apply for a business loan of $ [NUMBER]. My name is [YOUR NAME] and I am the owner of [YOUR COMPANY NAME] a company incorporated in the state of [NAME].

I am in need of a loan to scale up my business to the next level. In order to scale up productivity the company needs to procure the latest machines and tools.

I am attaching the supporting documents and business plans for your review. Please see the list of supporting documents:

Supporting documents: [DETAIL]

Kindly let me know if you need any other information of documents for sanctioning the loan. I will have it delivered to your office at the earliest. I will also make myself available for face to face meeting if it’s warranted.

Regards,

[YOUR SIGNATURE]

[YOUR NAME]