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  • Loan Approved Guardian

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    ZhangCelline
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    Mr. Kevin Sebastian Lumanta requested a S$6,000,000 loan from HSBC Business Financing to acquire a competitor business. The loan committee found the proposal acceptable and profitable if terms were met. HSBC approved a S$2,900,000 loan and separate S$2,300,000 loan secured by assets, renewable every 3 years. As Mr. Lumanta is under 21, guardians must co-sign the contract and are responsible for loan repayment.

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    Mr. Kevin Sebastian Lumanta requested a S$6,000,000 loan from HSBC Business Financing to acquire a competitor business. The loan committee found the proposal acceptable and profitable if terms were met. HSBC approved a S$2,900,000 loan and separate S$2,300,000 loan secured by assets, renewable every 3 years. As Mr. Lumanta is under 21, guardians must co-sign the contract and are responsible for loan repayment.

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    98 views1 page

    Loan Approved Guardian

    Uploaded by

    ZhangCelline
    Mr. Kevin Sebastian Lumanta requested a S$6,000,000 loan from HSBC Business Financing to acquire a competitor business. The loan committee found the proposal acceptable and profitable if terms were met. HSBC approved a S$2,900,000 loan and separate S$2,300,000 loan secured by assets, renewable every 3 years. As Mr. Lumanta is under 21, guardians must co-sign the contract and are responsible for loan repayment.

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    To: Mr.

    Kevin Sebastian Lumanta In response to your recent request for a long term loan of S$6,000,000 to help meet your acquiring competitor business. After studying your business proposal carefully, the companys loan committee finds that your proposal is acceptable and profitable, if all the terms and conditions were adhered to. Hence, HSBC Business Financing gives you loan S$2,900,000 and S$2,300,000 as a separate term due to assets mortgage. It is considered as renewable loan per 3 years.

    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. Since you are not yet 21 years old this year, the contract has to signed by guardians who responsible for the loan payment.

    Sincerely yours,

    Celline Zhang

    Loans Officer

    HSBC Business Financing Division

    20 September 2013

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