Sample progress payment request letter. Progress payments in construction. Final loan payment to builder
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Request for Construction Loan
I hope this letter finds you in the best of health, and spirits. I am the Chief finance officer of XYZ Builders. We are currently completing many construction projects at the same time due to which we are facing liquidity problems. To sort them out, we have decided to take a loan, and after surveying the market we have decided to contact you to extend your support in funding our projects. We require a sum of Rs. 5 million from your bank. We are highly confident that we will be able to repay it upon the completion of our projects which is estimated to be 6 months.
Do let us know about your consent so that we may negotiate further.
Chief Finance Officer.
Requesting for Loan from Bank
Dear bank manager,
I am writing to you because I would like to apply for a bank loan. I am a builder, and I have just started up my own building company. I would like to get money so that I can upgrade my current equipment, and some new tools, and can get the job done more efficiently. I have always paid back all of my loans, or payments installments on time without missing any one payment. I have a good job that pays well whenever I can get a good building contract. I look forward to hearing back from you.
Mr. Henry Solomon