Request Letter to Bank Manager for Industrial Loan
Place
Dt.
From
Sindh Hosiery Ltd.,
Ludhiana.
To
The Manager,
Punjab Co-operative Bank Ltd.,
Ludhiana.
Subject: Industrial Loan
Sir,
We are, the leading manufacturers of hosiery in Punjab with an annual sales of Rs 2 crores. We have been in the business now for twenty years and there are orders from Russia for large quantities of hosiery which our present plant cannot fulfil. So we need to expand our units.
We need a financial help of Rs 51 lakhs for the renovation of our plant, purchase and installation of the latest technology from Menschen Fabrik in Frankfurt, Germany. The details are in the estimates sheet attached. Kindly inform us what facilities your bank can provide in this regard. As you know no new license is required from the government now for any such project, but only a formal endorsement from the Ministry of Industry, Licensing Department is attached for your perusal.
Thanking you,
Yours sincerely,
Gurpreet Bedi
Senior Vice-President,
Sindh Hosiery Ltd.,
Ludhiana.
