Thursday, June 15, 2017

Bank Loan Request letter format for Financial Needs




Date
The Manager
xxxxxxxxxxxxx
xxxxxxxxxxxxx
xxxxxxxxxxxx


Dear Sir,

We have been the sole agent for (Your brand name) worlds No 1 (Your Products) for over a period of over 25 years and also we have been appointed recently as the representative for (Your country) for a prestigious product namely, (Your Brand name) which is the only recommended product to use on high end automotive brands such as (branded name).

Over the last couple of years we have been able to establish our products well in the related segment and thereafter develop and increase our sales network, which we are now experiencing a steady escalating demand for our products over the last few years. We attribute the main reasons for the increase as the increase in car population, the quality of the products and services we offer together with   our selling strategy and our dominance in the market place with almost every automotive brand sold in (Your Country) using our products.

After analyzing the above scenario in order to meet the demand, we have decided to import a 40 foot container of (Your Product Name) products which we will be able to sell within approx, three months. Also certain the (your products) products as we have made a definite mark with their xxxxxx which is unmatched to any available brand in (Your country).

The cost of the total impending imports amounts to GBP.xxxx and EURO.xxxxx (copies of the invoices are attached herewith). Our stock as at date is GBP.xxxx and we have total debtors of GBP.xxxxx.Please find attached copies of same for you perusal. We have also attached a copy of the draft accounts for the year ended 31st March 2016.

We need to import the above whilst not having too much of a bearing  on our working capital as we need to continue with our business operations. We shall appreciate considering our financial standing that is the available stock we hold and with the forthcoming imports, together with our existing debtors’ to give us a facility to enable us the finance the above imports. We will furnish you a repayment plan once the loan amount is established.

Grateful if this matter is considered favorably at your earliest convenience.


Thank you

Yours faithfully
(Your company name)



………………………
DIRECTOR


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