You want to start a small business in your area, and for the business, you require a loan of Rs. 10 lakh under the SIDBI Trader Finance Scheme, with maximum repayment tenure of 60 months. Write a letter to the Manager requesting the loan.
The Bank Manager
Kanpur, Uttar Pradesh
Sub: Request to sanction loan
Please, find with this letter my application in the appropriate form for a loan of Rs.10 lakh under the SIDBI Trader Finance Scheme, with maximum repayment tenure of 60 months.
Permit me to state that I am going to start a small business in Banarsi Sari in my well-furnished house located in the hub of Kanpur city. This is my second business set-up, the loan of which was granted by your reputed bank four years ago. The loan repayment was done on a regular basis and so my CIBIL score is good. In addition, I have been a creditworthy customer of your bank for more than ten years. My business transactions are good enough. Further, I have introduced a number of clients to your branch.
Considering all these, you are requested to sanction the loan at the earliest. I have attached my last two years’ business transactions and my annual turnover with this letter.
Thanking you in anticipation,
Proprietor’s Signature – ABC
Name of the Business Entity – XYZ