Letter to Bank Manager: You happen to know that SBI offers Finance schemes for sustainable development, which includes cleaner production and energy efficiency in MSMEs. You have a keen interest in establishing an MSME on its basis. Write a letter to the Manager requesting him/her to provide you with full details about the scheme.
From:
ABC
Address
Date:
To,
Xxx
Branch Manager
SIDBI
Address
Sub: Requesting details of SIDBI Finance schemes for sustainable development, which includes cleaner production and energy efficiency.
Dear Sir,
I Am writing to inquire about the possibility of a business loan from your institution to finance a startup business I have planned to commence soon. I am hoping you would provide me with some information and document requirements so that I can apply for the loan.
I have completed my graduation in XYZ University and my major was electronics. Now I am interested to start a led bulb manufacturing plant which includes cleaner production and energy efficiency of my own and need a loan to support it. I want to setup a solar plant which support my manufacturing unit energy needs and also willing to use bio-degradable plastic. I own the location of the manufacturing plant and have some prior experience of working at a large display manufacturing industry. A business outlining firm responsible for the business plan has suggested a capital requirement of Rs. 1 crore for the manufacturing plant. I can finance 50% of the fund requirement and need another Rs. 50 lack as a loan from your institution.
My father would be ready to be a guarantor for the loan and I can repay the loan amount with interest within 2 years. However, I need three months’ grace period before I start repaying my monthly instalment.
Thanks for considering our application. Please inform us what all documents are required to initiate the process so that we can avail the loan at the earliest. We shall be highly obliged for your kind support.
Sincerely,
ABC