Beauté For You

325 Witticker Rd
Seattle, WA 98101

05/08/23

Micheal John
Live Oak Bank
1757 Tiburon Drive

Wilmington, NC 28403

Dear Micheal John,

I am writing to request a business loan under the Small Business Administration (SBA)
loan program. My business, Beauté For You, is a Salon that has been in operation for 3
years. Our business has been successful, and we are now seeking to expand our
operations to increase revenue and provide additional employment opportunities in our
community.

I have reviewed the SBA loan program and believe that it is the best financing option for
my business. I am requesting a loan of $100,000 to be used to purchase new equipment
or upgrade existing equipment. High-quality salon equipment is often expensive, and a
loan could provide the necessary funds to make necessary upgrades or replacements..
The loan will be repaid over a 5 year period with an interest rate of 4% per annum.

The SBA loan program has several benefits for my business, including a lower interest
rate than other commercial loans and more flexible terms for repayment. Additionally,
the SBA guarantees a portion of the loan, making it easier for my business to obtain
financing.

As part of the SBA loan application process, I have completed the required forms and
provided the necessary financial documents, including the most recent tax returns,
personal financial statements, business financial statements, and a business plan. My
credit score is 815, and I have attached a copy of my credit report.

I would appreciate the opportunity to meet with you to discuss my loan application and
answer any questions you may have. Please contact me at :+1 (206) 439-3805 or
beautéforyouofficial@gmail.com to arrange a meeting.

Thank you for considering my loan application.

Sincerely,
Khadija Santana
Owner of Salon