Exactly one year ago I began a small cloth diaper company out of my own home. Over the last year my business has grown significantly to the point where I now need to expand.
I am writing this letter to ask for a loan so that I can expand my business. I am very confident that there is a strong market for cloth diapers in New Parkland. I have many repeat customers and my client base is growing rapidly as word about my business spreads throughout the community. Therefore I am requesting $5000. This money along with the money I already have saved up myself will allow me to lease a modest storefront and to purchase all the paperwork supplies and equipment I need to launch the new space.
I have attached my business plan as well as all of the paperwork needed to apply for this loan. You will see that I have an excellent credit history and a solid business plan. If you have any further questions please do not hesitate to contact me.