Fees loan

Eric

Ruiru, Kenya

100% repaid

Entrepreneur

Name

Eric

Member since

April 2018

On-time repayments

5 installments  •  20%

About Me

It might seem impossible to condense your business down to one page for a total stranger who’s never met you. We understand the feeling, but knowing how to write a business loan request letter in an effective way can help you meet the challenge. Remember—this letter might be one of your only opportunities to personally convey to your lender why they should approve your application.
We’ll make the steps for writing a business loan request letter as simple as possible. Here’s what lenders want to see, what this letter is for, what to include, and the format to follow for best results.

My Business

It shouldn’t come as a surprise that banks are more likely to lend money to businesses that appear to be growing and could possibly turn into long-term customers. Unfortunately, the good majority of small business owners find that traditional bank loan requirements are so strict that qualifying is difficult. But if your personal credit score is excellent, this might be an option you want to explore.
Before committing to such a long-term borrowing relationship, 

Loan Proposal

i want to use the loan and help my cousin who came home for fee balances

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Sep 17, 2018

Repayment status

On Time

Projected term

1 week

Lenders

A

Anonymous

United States

Ask Eric a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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