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  • Loan 1

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    jyguyg
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    Alpesh Panchal has applied for a Rs. 500,000 startup loan from XYZ Bank to finance his new software business venture, Alpesh Technologies. He has provided the required documents and details of the loan application, including a business plan, financial details showing Rs. 500,000 in revenue and Rs. 72,000 in profits, and collateral in the form of office assets valued at Rs. 632,000. He is seeking the loan for business expansion and assures timely repayment based on his past record.

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    Alpesh Panchal has applied for a Rs. 500,000 startup loan from XYZ Bank to finance his new software business venture, Alpesh Technologies. He has provided the required documents and details of the loan application, including a business plan, financial details showing Rs. 500,000 in revenue and Rs. 72,000 in profits, and collateral in the form of office assets valued at Rs. 632,000. He is seeking the loan for business expansion and assures timely repayment based on his past record.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    15 views2 pages

    Loan 1

    Uploaded by

    jyguyg
    Alpesh Panchal has applied for a Rs. 500,000 startup loan from XYZ Bank to finance his new software business venture, Alpesh Technologies. He has provided the required documents and details of the loan application, including a business plan, financial details showing Rs. 500,000 in revenue and Rs. 72,000 in profits, and collateral in the form of office assets valued at Rs. 632,000. He is seeking the loan for business expansion and assures timely repayment based on his past record.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Alpesh Panchal

    Borivali, Mumbai.

    402020.

    XYZ BANK.

    Dear SIR/MAM,

    I am writing to apply for a startup loan from your bank to finance my new business venture, Alpesh
    Technologies. I have attached all the required documents and information that are needed to process
    my application.

    Below are the details of my application:

    Loan Amount Required: (Rs500000) Business Plan: [We deal in software-based solutions] Type of
    Business: [Partnership] Industry:

    Financial Details: Revenue: [Rs 500000] Profit/: [72000] Assets: [Rs632000] Liabilities: [Rs120000]
    Collateral: [Fixed assets(office of the firm)]

    We currently need capital for the expansion of our business in new cities. Till date we have
    honoured all of our payments on time and we further also will continue to do so.

    Please let me know if you require any additional information or documentation to process my
    application.

    Thank you for considering my application.

    Sincerely,

    [ABC].
    To,

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