Whether or not you’ll be given a loan depends greatly on your email request. Hence, when writing this kind of email, ensure you speak directly with the right person and make your request clear and concise, emphasizing what you intend to do with the loan and the repayment.
Sample 1: Email Requesting a Loan
Before requesting a loan, ensure you need the loan for something tangible, like expanding or starting a business. This will make your loan application more viable; then talk about the business’s unique selling proposition.
Suggested Subject: Email requesting a loan from [ Name the company]
Greetings, Mr. Brand,
Manager All Peoples’ Creditors.
To extend my warehousing facilities, I request a business loan of $18,000.00. During the previous two years, my company has enjoyed a substantial increase in revenue.
As a result of the rise in the business, I will need to enlarge my present warehouse facilities to handle a greater inventory.
I have a great deal of expertise in the home designing market, and I am well regarded as an experienced adviser in the field.
Many national publications, including Décor Delight, Home Decors, and Designs All The Way, have published my interior design concepts and projects.
Beginning in 2001, I have operated Kelley’s Home Decorating Services profitably year after year, even throughout the whole economic downturn caused by COVID-19.
Attached to this email are documents showing my financial status. They also serve as supporting documents to prove that I can pay back the loan.
Thank you for putting my request for a loan into consideration.
Kelley Rowley,
CEO Kelley’s Home Decorating Services.
Sample 2: Email Requesting a Loan
Need a business loan? Here is a straightforward sample to aid your loan application request. Never state how you intend to pay back and your collateral if any.
Suggested Subject: An email requesting a loan to expand my business
The economy’s overall health has had a significant impact on the housing market. Since then, I have sought ways to adapt to the ever-dynamic environment.
Fortunately, I have been successful in obtaining big contracts with national hotels.
Having a consistent employment flow helped keep my firm afloat throughout the whole pandemic.
Today, the housing market is quickly rebounding, and the predicted increase surpasses the levels seen before.
Substantial gains in the construction materials sector show that house remodeling is on the rise.
In addition to five huge hotel chains and two large national firms, my client list includes a slew of smaller businesses that offer my company fresh work orders every month.
To maximize my profits, I use cost-effective marketing techniques that generate an average of 300 new orders every month from private individuals.
So far, I have invested $300,000.00 of my own money, which I have recouped via profit margins. Specifically, I aim to put $ 70,000.00 of my own money into this particular endeavor.
My collateral comprises company assets with a fair market value of $950,000.00 and personal help with a fair market value of $550,000.00.
To accompany this letter is my business plan, which outlines the basis for my loan request. If you have any questions, please do not hesitate to call me at 487494838489.
Thank you.
Donald McDonald,
CEO Donald’s Housing.
Sample 3: Email Requesting a Loan
Here’s a suitable sample if your request for a loan is to purchase a car. This sample is quite straightforward and you may want to tweak it a little bit to befit your tone.
Suggested Subject: An Email Requesting a Loan to Purchase a New Car
Greetings, Rachel Smith,
Manager, Administration Department,
ABC Corp.
A personal loan of $5000 would be much appreciated, as I need to purchase a new car and would like to ask you to consider my request kindly.
In addition, I need a new bicycle since my old one is damaged beyond repair, and I rely on it as my primary way of transportation to and from work.
At present, I do not have that amount of money in my possession. Therefore I was hoping you could assist me by loaning me the money.
In light of the fact that you are aware that I have been employed by your firm for the last three years and have proved me to be a devoted and committed employee under your compassionate leadership, I hope you would consider me deserving of the loan.
According to the company’s employee loan policy, you are free to recommend a repayment plan for me that would be withdrawn from my paycheck at your exclusive discretion.
I appreciate you taking the time to read this and hope to hear from you soon.
Greetings and best wishes,
Daniel PRO Administration Department,
ABC Corp.
Sample 4: Email Requesting a Loan
This is a request for a personal loan where the borrower is asking for financial assistance to cover the costs of their upcoming wedding. The borrower has a steady job and has provided all the necessary documents for review, including their credit score and employment history.
Suggested Subject: Request for Personal Loan
Dear Loan Officer,
I am writing to request a personal loan of $10,000 to cover the expenses of my upcoming wedding. As you may know, wedding costs can add up quickly and I am unable to cover the full cost on my own. I have a steady job as a teacher and have never missed a payment on any of my previous loans.
I have attached all the necessary documents for your review, including my credit score and employment history. I am willing to pay back the loan within the agreed-upon timeframe and interest rate.
Thank you for considering my request. I look forward to hearing from you soon.
Best regards,
[Your Name]
Sample 5: Email Requesting a Loan
This is a request for a business loan where the borrower is asking for financial assistance to expand their bakery business. The borrower has been in the industry for over 5 years and has provided all the necessary documents for review, including their financial statements and business plan.
Suggested Subject: Business Loan Request
Dear Loan Officer,
I am writing to request a business loan of $50,000 to expand my bakery business. With the increasing demand for my products, I need to purchase more equipment, hire more staff, and rent a bigger space to meet the demand.
I have been in the bakery industry for over 5 years and have a solid business plan in place. I have attached all the necessary documents for your review, including my financial statements and business plan. I am confident that with this loan, I can take my business to the next level.
Thank you for your time and consideration. I look forward to hearing from you soon.
Sincerely,
[Your Name]