Dear Sir or Madam
Hope this letter finds you well. I am writing to inquire about details regarding a loan from your bank to provide finance for my new bakery shop. This bakery will be situated nearby the river valley park that is being renovated. A large number of tourist will be expected to visit the new park and I am planning on capitalizing this incredible opportunity.
Regarding the details of the loan, an estimated 30,000 Canadian dollars would be needed. In which, most of the money will be utilized in acquiring the land area in close proximity to the park. A good chunk will be used in hiring and salaries of the staff. While, the rest will be utilized in marketing and advertisment of the new shop.
Lastly, under the optimal circumstances the loan will be repaid in five years, with monthly mortgage payments according to your bank’s interest rate.
Yours faithfully
Jay
