The format of the proposal may be altered according to the applicant s requirements. Instantly download restaurant loan proposal template sample example in microsoft word doc google docs apple pages format.
I have been in business for the past five years and have shown a profit each year.
Loan proposal letter sample. Entirely electronics began operation on june 1 2020 with two employees. You may also see free application letters. Among other similarities both the business plan and the loan proposal tell you and your banker that you ve figured out the answers to the five key borrowing questions.
State your intent to borrow a specific amount of money. It includes not only the details of their loan but also their business description where they intend to use the money. Since those early days in grandpa s kitchen i have wanted to run my own restaurant.
Sample loan proposal a loan proposal is very similar to a business plan or at least it should be. Details of the borrower. Available in a4 us letter sizes.
As a partnership entirely electronics has consistently grown and now has 20 full time employees. A business loan proposal is a required document when going through a loan application prepared by aspiring borrowers. What is a loan proposal.
Request of the loan with stated amount. My business is registered and approved by the health department. However the main information contained in a bank loan proposal is the following.
Explain in detail the reason for borrowing money. Easily editable printable. It is important that you are offering a clear honest and transparent explanation as to how you intend to utilize the money you intend to borrow.
Dear lender s name the aim of this letter is to request a small business loan of 50 000 to improve and upgrade my restaurant. Sample 1 bank loan request letter date huntington national bank 90 syndicated lane new albany ohio 43058 attn. Explain who you are your background and qualifications the type of business you want to start and where the loan money will be used.
Be concise but informative. The purpose of this letter is to request a small business loan in the amount of 20 000 for the purpose of enlarging our warehouse. Details of the lender bank.
Commercial loan department johnson construction is a very successful company that is well established in the construction industry. And include a photo of yourself to personalize your proposal.