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Bank loan request

By Elizabeth Thomson

Elizabeth Thomson Veggies and stuff (Manager) ING Bank March 2011

Contents
Contents ....................................................................................................... 2 Acknowledgements ...................................................................................... 3 1 Introduction ............................................................................................... 4 2 Market review and technological processes .................................. 4 3 Conclusions .............................................................................................. 4 4 Recommendations .................................................................................... 4 5 Summary .................................................................................... 5

Acknowledgements
I would like to acknowledge the support of my colleagues in developing and proof-reading this report. Were this work funded, I would also acknowledge my funding body here, as well as the input of any Supervisor or other internal or external assistance.

1.Introduction
This report provides support for my request to a loan of 65000 from INGB, in order to expand my vegetarian catering company,Veggies and stuff by implementing a whole new production line ( equipment and plantations ), a bio-treatment department and a shipping, handling and transport system.

2.Market review and technological processes(Body)


Extending the production line: We, at Veggies and stuff have a growing number of customers, that's why we have decided to add new components to our production line, to speed up the packing process of the vegetables. Our experts estimate that extending the production line will cost 19000. New plantation: As the number of costumers grow, so does the need to create a new plantation of vegetables. Our experts estimate that a new plantation will cost 11000. Bio-treatment department: Soil is a natural habitat of variety of agriculturally beneficial microorganisms. Certain soil microorganisms have an ability to absorb and convert atmospheric nitrogen to make it available for the plants. Whereas certain soil microorganisms solubilize part of the bound phosphates of the soil and thereby make them available to the plants. Both these attributes make these microorganisms important to be used as biofertilizers. Our experts estimate that biofertilizers will cost 5000. Companys image and shipping, handling and transport system: The company's image is a very important aspect in business, that's why we need to buy a new distribution car. We intend to buy a Volkswagen Transporter from Germany, as well as a automatic car loading-unloading system. That costs approximately 30000.

3.Conclusions
Having discussed my purpose, I can now draw some conclusions. I have carefully considered my options and I have decided to apply for a loan of 65000 from INGB. Also, according to my calculations, I will be able to pay the loan faster, as I plan to take it out over a shorter period of 10 years. If we had obtained our license for bioproducts earlier I would have applied for a loan of just 55000, but considering the economical flux, now I need 65000.

4.Recommendations
Everyone who is employed by Veggies and stuff should bring their contribution to these developments , by writing further reports or by presenting their ideas to the executive board of our company. I will be very grateful if INGB considers my vegetarian catering company for a loan of 65000 over a period of 15 years. I am prepared to call at any of INGBs branches to discuss the loan details. INGB can contact me on telephone 021-355-0136 to arrange an interview if it is required.
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5.Summary
This report provides support for my request to a loan of 65000 from INGB, in order to expand my vegetarian catering company, Veggies and stuff. By observing the market, our needs and the growing number of costumers I decided that a 65000 loan will cover our costs for a whole new production line ( equipment and plantations ), a biotreatment department and a shipping, handling and transport system. This developments will increase our overall productivity and finally will increase our capital stock by a percent of 25. If this prediction become true, not only that we will be able to return the loan faster to INGB, but we will also produce a net income of 5000. My employees should send me their opinion as well as a complete report of their departments activity. I will be very grateful if INGB considers my vegetarian catering company for a loan of 65000 over a period of 15 years.