You should spend about 20 minutes on this task.
You want to start your own small business. Write a letter to a bank requesting information about obtaining a business loan to finance your new company. Include the following information:
- what kind of business you want to start
- how much money you need
- the length of time over which you would expect to repay the money
You should write at least 150 words.
You do NOT need to write your own address.
Dear Sir or Madam,
I am writing to ask for information concerning a loan. I am planning to start a new business, which is my very first attempt, and I need some help.
I am hoping to set up a small restaurant near University of Brighton. My market research suggests that currently we do not have any restaurant near the university. Approximately 2000 students come and go by the area each day, and believe my new business will allow them to have a meal break for the day.
Since I need a sum of £30000 to start up the business, I would like to know what interest rate you offer. I would hope to repay the sum within five years at most, so I wonder what kind of deal you can offer. Could you therefore send some details of your business loan conditions to the e-mail address below, or call (044) 710727102 during the daytime?
I very much look forward to receiving your prompt reply.
Danny Smith (DS1969@gmail.com)