What is a business offer for a 25k loan - tradeprofinances.com

What is a business offer for a 25k loan

## Business Loan Offer for $25,000

### Introduction

We are pleased to offer you a business loan of $25,000 to support the growth and development of your business. We have carefully reviewed your application and believe that your business has the potential to succeed.

### Loan Terms

* **Loan Amount:** $25,000
* **Loan Term:** 5 years
* **Interest Rate:** 10% per annum
* **Monthly Payment:** $496.06
* **Total Interest Paid:** $3,412.72
* **Total Loan Repayment:** $28,412.72

### Loan Purpose

The loan proceeds can be used for any business-related purpose, such as:

* Purchasing equipment or inventory
* Expanding or renovating your business premises
* Hiring additional staff
* Marketing and advertising
* Working capital

### Collateral

The loan will be secured by a personal guarantee from you and [name of business partner(s)] as well as a security interest in the assets of your business.

### Repayment Schedule

Your loan payments will be due on the [day of month] of each month, starting on [start date]. You can make payments online, by mail, or in person at any of our branches.

**Repayment Schedule:**

| Payment Number | Due Date | Payment Amount |
|—|—|—|
| 1 | [start date] | $496.06 |
| 2 | [next due date] | $496.06 |
| … | … | … |
| 60 | [last due date] | $496.06 |

### Early Repayment

You may prepay your loan in full or in part at any time without penalty.

### Default

If you fail to make a payment or violate any other terms of the loan agreement, we may declare the loan to be in default. In such an event, we may take legal action to collect the outstanding balance.

### Acceptance

To accept this loan offer, please sign and return a copy of this agreement to us by [acceptance deadline].

Read More  Can an independent contractor apply for a small business loan

### Additional Information

If you have any questions or require further information, please do not hesitate to contact us.

Thank you for choosing us for your business loan needs.

### Contact Information

[Contact Name]
[Contact Phone Number]
[Contact Email Address]

get_sidebar(); get_footer();