Loan Section Manager
The New York Bank
34, Bridgetown Street, New York
1st July 2012
Sub-Loan proposal cover letter
Dear Mr. Mark
I am writing this letter to submit a loan proposal of $ 200000(two lack Dollars Only) for setting up my own showroom cum workshop of Ronda Motors. I would like to set up my own business house ad will use the loan amount to fund the construction of the workshop. I have got license and clearance certificate for setting up the showroom cum service centre from Ronda Motors Private Limited. I have obtained the permission of establishing the showroom from the different government agencies and the necessary approval of the pollution control board.
I am enclosing documents which contain the details about the requirement of funds for setting up the different components of the workshop. I will be setting up the workshop on a 10 acres plot in the industrial town of Seattle. I am ready to mortgage the entire land as collateral security for the loan.
Please inform me about the possibilities of sanctioning the loan proposal from your bank at the earliest.
Enclosed- details where the loan amount would be utilized.