Loan Proposal Cover Letter


Mark Jones

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.

Yours Sincerely

Johnny Fletcher

Enclosed- details where the loan amount would be utilized.

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