YOUR COMPANY LETTERHEAD
Date: ……….
RE: Request for the project loan funding.
To Whom it may concern:
This letter is a formal request for the loan funding of USD ………. (in words) for the ………. project located in ……….
Choose one of the two types: new project or refinancing project (delete the remaining project type). If it is a new project, choose one of the three forms (delete the remaining two):
New project:
1. This is a new project. We completed the project legal records approved by the authorized agencies, had a site clearance without dispute, and fully paid the land lease (or purchasing land). (a) It is the shovel-ready project (b) It is the project under construction with our equity. if choose (a) delete (b) or otherwise We use loan funding to carry out the project and pay off the project's outstanding balance, take back the project ownership documents as the project is mortgaged at ………. bank (if the project is not mortgaged delete the underlined sentence).
2. This is a new project. We use loan funding to supplement capital sources, enhance liquidity, and expand business networks. Notes: Applicable to company who is a financial institution such as a commercial bank, insurance enterprise, or securities company that needs loan funding of 50 million USD or more with a maximum loan funding term of 05 years. (if the company is a financial institution delete Notes)
3. This is a new project. We use loan funding to execute a business merger and acquisition transaction (M&A). The involved parties including ………. company and ……….company signed an agreement in principle for the transaction.
Refinancing project:
This is a refinancing project. We have operated commercially to generate revenue and mortgaged the ………. project at ………. bank. We uses loan funding to pay off the project's outstanding balance and takes back the project’s ownership documents from this bank.
We are committed to using the loan funding for the purpose above, not pledging, mortgaging, and transferring part or all of the project to anyone, in any form, and for any reason during the loan funding term, and repaying loan funding in full (principal and interest) on schedule.
We greatly appreciate the time you have taken to review this letter and the documents attached. We look forward to your response.
Sincerely,
Full name / Title of the legal representative / Sign&seal
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