You are interested in starting your own business
Sample Answer
Dear Manager, I am writing this letter to request a loan from your bank to start a new business. Firstly, I wanted to introduce my business idea to you. It's a grocery store where I sell a distinguished collection of food products. And I also sell finished food products and beverages. It might be pretty casual to you as I am selling regular products. But I can provide the products' inventory data, which might surprise you with extensive and new products to market. In my business, I am engaging with various wholesalers and distributors in product acquisition. This might cost me around $25,000. And the yearly net income is anticipating would be around $10,000. This is the reason I am approaching you with this request. I can assure with my assets and capital in my hand that I repay the loan with the addition of interest. So, at this moment, I request a response from you with the loan details like eligibility criteria, interest rate and tenure. I hope for a response from you and a helping hand in starting my business. Regards, Thomas
