Credit Approval Letter for A Grant

Date

Sender’s Name
Office Position
Department
Sender’s Address

Addressee
Company Name
Company Address

Dear Name:

This letter is to inform you that we have received and reviewed your application for loan.
We are happy to inform you that your request has been approved and is currently being
processed.

Having a minimum tangible asset of (amount) and a minimum owner’s equity of

(percentage as per total asset), our company has decided to grant you the loan. Under
suitably executed security documents you shall provide us with the following collateral
as security for the credit:

Accounts receivable amounting to (value), equipment with a carrying value of (amount),

and (others that you wish to specify).

Your written expression of agreement must be secured, as we shall do business as

bounded by the terms contained therein.

We are happy to be doing business with you. Thank you and God bless your dealings.

Sincerely,
Your name