Letter to Bank Manager Requesting a Business Loan to Finance Your New Small Venture IELTS Writing Task 1

Nov 3, 2023

Letter to Bank Manager Requesting a Business Loan to Finance Your New Small Venture IELTS Writing Task 1 is a writing article and has 3 different answers. The IELTS Writing Task 1 letter explains what he/she should do about the situation. Candidates must write the letter to the bank manager in a formal manner. The candidate has to convince the banker to approve the loan for his business. IELTS Writing Task 1 sample answers include an introduction, body, and conclusion and other points according to the requirements.

Letter writing can be done in a formal, informal or semi-formal style for IELTS General Writing Task 1. The candidate will get around 20 mins to answer the question. Students can effectively improve their writing skills by taking into account their preparation for the writing portion of the IELTS Writing Practice Papers. Band scores are used to grade IELTS writing scores.

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Topic: You want to start your own small business. Write a letter to a bank requesting information about obtaining a business loan to finance your new company. In your letter, include the following information:

what kind of business do you want to start
how much money do you need
the length of time over which you would expect to repay the money

Band 8 IELTS Letter

Dear Sir,

I inquire about the potentiality of a business loan from your esteemed bank. This financial assistance would serve to fund my soon-to-be-launched startup venture.

Kindly furnish the requisite information and documents; this is essential for initiating your loan application. Having graduated in Fashion Technology, I've dedicated the past five years to working within this field. Now, with a desire to establish my own store; I require financial support--specifically, a loan. Estimates attribute a total start-up cost of 500,000 Rs to my ownership of the store location.

I can finance 50% of the total amount; however, an additional loan of Rs 250,000 from your bank is necessary. I, too, pledge to repay the loan with interest within two years; furthermore, my husband stands ready to guarantee this commitment. I require a three-month grace period before commencing the repayment of my monthly installments.

If possible, please provide me with the loan details: interest rate, monthly payment and any other pertinent information; I would greatly appreciate it.

Yours truly,
Sushant Sharma

Band 7 IELTS Letter

Dear Sir or Madam,

Is it a possibility to secure a business loan from your esteemed institution? This capital injection would serve as financial backing for the imminent launch of my planned start-up venture. Could you please provide me with the necessary information and document requirements for loan application?

I graduated from the University of Edison with a major in Marketing. I am currently exploring the possibility of initiating my own coffee shop; however, I require financial support in the form of a loan. The shop's location is under my ownership, and I possess previous experience workin at a prominent coffee shop. The business research firm that proposed the business plan recommended a capital requirement of USD 10,000 for the coffee shop. My ability to finance covers 50% of my cash requirements; however, I still require an extra USD 5,000 from your bank for borrowing purposes.

My father is willing to guarantee it. Additionally, I can commit to repaying this loan--with added interest--within a concise two-year timeframe. I require a three-month grace period before instating my monthly payment repayments. Kindly furnish me with comprehensive loan details: interest rate, monthly payment amount and any other pertinent information; your assistance in this matter would be greatly appreciated.

Please also send the pertinent documents; they are essential for my completion, and subsequent submission, of the loan application.

Yours truly,
James Moore

Band 6 IELTS Letter

Dear Sir or Madam,

My tenure with your esteemed institution spans a substantial duration; I believe the time has arrived to escalate our business relationship. I am writing to request a term loan as I intend to initiate a small business within the upcoming months.I plan to establish a bakery business that will specialize in the production of various breads and cakes. My strategic approach involves supplying these delectable goods to neighboring towns, thereby maximizing revenue potential for me while increasing my income significantly.

Incidentally, my cost calculations indicate a preliminary business startup requirement of approximately USD 7,500. Naturally, I possess personal funds as well; these will aid in mitigating some of the additional expenses associated with initiating this business. Anyway, I desire a short-term loan.

Kindly structure my loan repayment to allow for a two-year timeframe, employing equivalent monthly installments. With anticipation, I await your prompt and positive response.

Yours sincerely,
Joseph Abraham

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