Letter of Request for An Industrial Loan :
Banking Letters have to be brief, polite and to the point. All the salient figures and date must be mentioned.
Sindh Hosiery Ltd.,
17th May - 2009
Punjab Co-operative Bank Ltd.,
Subject : Industrial Loan
We are the leading manufacturers of hosiery in Punjab with an annual sales of Rs. 2 crores. We have been in the business now for twenty years and there are orders from Russia for large quantities of hosiery which our present plant cannot fulfill. So we need to expand our units.
We need a financial help of Rs. 51 Lakhs for renovation of our plant, purchase and installation of latest technology from Meschen Fabrik in Frankfurt - Germany. The details are attached in the estimates sheet.
Kindly inform us what facilities your bank can provide in this regard. As you know, no new license is required from the government now for any such project. But only a formal endorsement from the Ministry of Industry - Licensing Department which is attached for your perusal.
Letter of Request for An Industrial Loan
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