Bank Loan Request Letter (Free Samples)
Use these sample bank loan request letters as templates for your formal loan request letter.
Last updated on September 19th, 2021
Sample 1 - Bank Loan Request Letter
Huntington National Bank
90 Syndicated Lane
New Albany, Ohio 43058
Attn: Commercial Loan Department
Johnson Construction is a very successful company that is well established in the construction industry. We began operation in June of 2000, as a small construction company that helped local business and homeowners with their renovation needs. We have a website that sells our services and also have many channels through which we gain new business.
Last year, our annual sales amount was $2,894,892. The first year of business, we brought home a profitable $978,000. We have maintained a steady balance over the past 14 years, due to the fact that we have provided our customers with a service they need. Our business, and ones of its nature, are in high demand.
Due to the large customer demand from our central division, we have decided to open a second branch. The loan we are requesting is for the opening of this second division. Startup costs can be excessive, and while the other business is profitable, we still find ourselves in need.
We anticipate strong sales for our new division in Waverly, Ohio. In fact, after doing much outreach to this area, we have seen that the need in this region is great. We have immediate opportunities available that will allow us to capitalize this untapped market. However, we cannot transport our equipment from our New Albany location on a daily basis.
The loan of $100,000 will give us the ability to buy the equipment we need. I have attached the contracts we have in the Waverly area, all pending we have the equipment ready and can do the job. It makes sense to have both location running, and we can ensure that the new business will be a success.
Please take a moment and review this request letter. If you feel that you can help our company in our latest endeavor, we would love to hear from you.
Sample 2 - Bank Loan Request Letter
City, State, Zip Code
Lender’s Institution Address
City, State, Zip Code
Re: Bank loan request for $50,000
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. My business is registered and approved by the health department. I have been in business for the past five years and have shown a profit each year.
One of the reasons my restaurant is so successful is because it is the only restaurant in the area of a five mile radius that serves authentic Indian food. We purchase fresh produce daily and prepare several dishes that represent the cuisine of both North and South India.
To meet the growing demand for our specialty, I need to expand the kitchen, add some new stove tops and refrigerators as well as expand the dining area. The shop next door has agreed to sell me their premises for expansion at a fair market price.
There are several other different ethnic restaurants in the area that are also prospering, and I believe that the market for India cuisine is growing. My restaurant is crowded every night especially on the weekends. I have already invested most of my profits in the restaurant and require the loan to expand in order to meet demand.
Please see the attached business plan that outlines my financial projection for the next five years and clearly states my assets to date.
If you have any questions, I can be reached at 555-123-4567 or at [email protected]. Thank you for your attention to my loan application.
Applicant’s Name Printed
List of Enclosures (Business Plan)
By Andre Bradley