Letter to the manager requesting a loan of Rs. 70 lakh under Partnership with OEM (Original Equipment Manufacturer) for the purchase of machines and equipment
From,
ABC,
CEO, Reco Group
Address,
Date –
To,
Mr XYZ,
Maneger
PQR Manufacturers
Address
Sub: Requesting a loan of Rs. 70 lakh under Partnership with OEM for the purchase of machines and equipment.
Dear Mr XYZ,
We Reco Group are glad to submit a business partnership proposal to your company PQR Manufacturer. We are an esteemed company in manufacturing smart wearable products. Our companies share a mission in the smart electronic industry and we believe that this joint venture will be beneficial to our companies.
We hereby wish to propose a business partnership with your company. We offer you 10% equity for 70 lack rupees. We need the money as a line of credit for purchasing machine and equipments from your company. Our company has a strong customer base in India . We appreciate your plan to expand your territory to India and we need a strong partner who can help us to reach our products globally.
We have business strongholds in our regions and our partnership would help your company to expand.
Additionally, we are looking for a partner who ventures in online trading and this partnership can benefit both companies. With the new branding, our joint venture will contribute to selling more products, expand the customer base and the promote market of products from both companies.
Please have a look at the detailed proposal with more information on the profit margins, long term goals, and the objectives of this business partnership. We are looking forward to welcoming your company as our new business partner.
Thank you.
Yours Truly,
ABC,
CEO, Reco Group