You’re already running a small business set-up with 30 employees, who require skill development for quality enhancement. Write a letter to the Manager of BOI for the details
From:
ABC
Manager,
Blimptech Display manufacturing limited
Address
Date:
To,
XYZ
Branch Manager
PQR Bank
Address
Sub: Requesting details and loan procedure for upgrading old equipments.
Dear Sir,
I am writing this letter to submit our request for business loan to upgrade our equipments to sustain with the fast-changing market scenario. It’s been a great experience working with you for over 15 years as you are our major banking partner for all these years. Also I personally thank you for your constant support toward us which been really helpful for our company’s growth.
We have been in the display manufacturing industry from last 15 years and we are constantly growing. But our equipments are becoming old and can’t sustain with the current needs . It’s really become very difficult for us to compete with all new technologies with our old machineries and equipments. That’s why we need to upgrade our machine and equipments as soon as possible. And for this we are in need of financial assistance from your bank. We need at least an amount of RS 5 crore to upgrade our equipments . We can arrange atmost RS 3 crores and for remaining RS 2 crores we need your assistance.
I request you to kindly approve our loan application so that we can comfortably upgrade our old equipments and manufacturing units. We assure you that all the repayments will be made on time like past.
Please take a moment to review my application. Please inform us what all documents are required to initiate the process so that we can avail the loan as soon as possible. I shall be highly obliged for your kind support.
Sincerely,
ABC
Manager,
Blimptech Display manufacturing limited