Business Loan Cover Letter

Mr. Jack Field
Branch Manager,
Imperial Financial Bank.
123 James Wood Road,
New York, New Jersey 1234
Dear Mr. Field,
I would like to inform you that I, John Woo hold a savings account in your bank with account number 234567 since last five years. I am planning to start a business of my own and would like to apply for a loan from your bank.
I have decided to start a business in garments, as there is always a good demand in the garments market. I would require a loan amount of $2 million to set up my business which includes the office space, infrastructure and capital.
I believe that I being an old customer of your bank you would consider my request for loan approval. I would be highly grateful if your agree to pay me the loan amount. I have also enclosed the details of my proposed business project.
Thanking you,
John Woo.
Enclosure:
Garment Business Project Proposal