Request Deferral of Interest Payment
[DATE, ex. Monday, November 28, 2011]
[NAME, BANK AND ADDRESS, ex.
Danny Graham
ABC Bank
123 Lane
Area 456
City, State, Pin Code]
Dear [NAME, ex. Mr. Graham],
We refer to our term loan in the amount of approximately [AMOUNT OF LOAN, ex. $45,000] bearing account no. [ACCOUNT NO. OF LOAN, ex. 987654321].
We are experiencing some unavoidable cash flow problems shooting from [REASONS FOR CASH FLOW PROBLEMS, ex. the bankruptcy of a key customer], which we feel will temporarily set us back for [PERIOD OF REQUESTED DEFERRAL, ex. three (3) months].
We would like to request that if possible and you could defer interest charges on our loan for this period, so that we can maintain sufficient working capital to meet our operational requirements.
Thank you in advance for your anticipated co-operation.
For any queries, please feel free to contact me directly.
Yours faithfully,
[Your Name, ex. Mark Anthony]
Download Sample Interest Payment Banking Letters in Word
It is very important to keep a close eye on the terms and conditions with…
If you are not able to pay your creditors then you can always write a…
In order to have businesses work smooth and easy, it is very important to have…
Whenever a company launches a new product, it is important that they inform or notify…
It is truly an honor if you have been invited at some business event as…
Debts are something that no one likes and if you are not able to pay…
This website uses cookies.