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Bank loan request for handyman business

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Reference no: EM131242787

Bank Loan Request for handyman business

Write a letter to a bank requesting a loan. Your letter must be persuasive enough to convince the bank to give you a loan.

Be sure to include in the letter the following:

1) What is the specific purpose of the loan you're requesting? Is it for working capital, capital investments, or other purposes such as buying out a partner?

2) How much money does your business need? When and for how long are the funds needed?

3) Can you generate sufficient income, less business expenses, to repay the loan?

4) What collateral is available to offer the lender?

5) Explore any economic/business concerns on the horizon for the length of this loan and discuss how you can overcome them.

Reference no: EM131242787

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