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  • Financial Assistance

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    Hanabishi Rekka
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    The company is requesting financial assistance from APEC Development due to financial difficulties over the past month. They failed to properly estimate billing amounts versus expenses and purchased an expensive backhoe with the expectation of completing construction projects by November that did not materialize. As a result, their cash balance is extremely low. They are asking for any financial help APEC Development can provide to address their situation.

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    The company is requesting financial assistance from APEC Development due to financial difficulties over the past month. They failed to properly estimate billing amounts versus expenses and purchased an expensive backhoe with the expectation of completing construction projects by November that did not materialize. As a result, their cash balance is extremely low. They are asking for any financial help APEC Development can provide to address their situation.

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    132 views1 page

    Financial Assistance

    Uploaded by

    Hanabishi Rekka
    The company is requesting financial assistance from APEC Development due to financial difficulties over the past month. They failed to properly estimate billing amounts versus expenses and purchased an expensive backhoe with the expectation of completing construction projects by November that did not materialize. As a result, their cash balance is extremely low. They are asking for any financial help APEC Development can provide to address their situation.

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    © All Rights Reserved
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    of 1

    July 18, 2017

    Engr. Centeno Edwin Dela Cruz


    Engineer – In – Charge
    APEC Development

    Re: Request for Financial Assistant

    Dear Mr. Dela Cruz,

    I am writing to you because our company is in financial difficulty and in need of your financial assistance.
    We have been struggling financially for a month now and have tried several options for financial help. However, we
    have been unsuccessful and therefore We are writing this letter.

    There are few reasons why We are in this situation one is that we failed to estimate the amount of billing that we are
    going to receive as against the expenses that we are going to incurred. Second is that, we have purchased a
    backhoe worth P450,000.00 with the expectation that we are going to construct 100 of your units before the end of
    November of this year. Hence, our cash balance has been extremely compromise.

    With this, we would very much appreciate your help in any way you can,

    Thank you for taking the time to consider our situation and we look forward to hearing from you soon.

    Yours sincerely,

    John Louie O. Esguerra

    Aldrin De Guzman

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