January 12, 2002
Mr. Reynaldo D. Gil
Bank Loan Manager
East West Bank
Ortigas, Pasay
Dear Mr. Gil:
I am writing this letter to submit a loan proposal of Php 300,000 as an additional capital for setting up my own cafeteria. I would like to set up my own business. I already did my feasibility study of having a cafeteria or eatery in our place.
Based on my feasibility study, it will be possible to have cafeteria that offers a variety of foods including meals and snacks for everyone including students. I am enclosing my feasibility study as well other documents which contains a detailed requirement of funds for setting up a cafeteria. I am ready to mortgage my 280 sq. meters lot as collateral security for the loan.
Please inform me the possibilities of approving the loan proposal from your bank at the earliest.
Sincerely yours,
Michaela Maghirang