Loan Approval Letter, Sample & Format

A loan approval letter is drawn up by a bank or financial institution to inform its client that the loan request is approved. The loan approval letter will state the loan amount approved, terms and conditions pertaining to the loan. The client has a choice to accept or decline the loan offered.

From:

Ryder Wolfe

Loans Officer

Blue Whale Financing Corporation

45 Marlin Avenue
KIALLA NSW 2583

January 22, 2011

To:

Savannah Jennings

Greenland Enterprise

28 Woodlands Avenue
KINGS PARK NSW 2148

Dear Madam

Re:  Approval of Loan Request

I am writing in response to your recent request for a short term loan of $30,000 to help meet your currently tight cash flow.

After studying your business proposal carefully, the company’s loan committee finds that your proposal is sound and profitable, if all the terms and conditions were adhered to. Hence, Blue Whale Financing Corporation approves of your requested loan of $30,000.

We hope that the attached terms and conditions related to this loan are favorable for your acceptance. Please return the forms signed as soon as possible for a quick processing of the loan before the amount can be released to you.

Respectfully yours,

Ryder Wolfe

Loans Officer

Blue Whale Financing Corporation