A restaurant loan proposal is a kind of a proposal which is made by a person or party to request a loan to start or run a restaurant from a financial institution or a bank. Such proposals must give supporting claims and explain how the restaurant will be able to pay back the loan amount.
These types of proposals must be formally drafted documents which must give details of the restaurant along with details of the person who is making the proposal. a sample of one such restaurant loan proposal has been given below for your reference.
Sample Restaurant Loan Proposal
Name of the restaurant: Sweet and salty restaurant
Address of the restaurant: D-45, first floor, Henry tower, L road, London
Name of restaurant owner: Fredrick Jackson
Contact number of owner: 470375050
Date of proposal preparation: 4th July 2014
Date of proposal submission: 10th July 2014
Proposal submitted to: London International Bank
About the restaurant:
Sweet and salty restaurant is a 5 year old restaurant running in London and caters to the Italian and Mexican food loving population of the city. We have successfully run the business for all these years and have a wide customer base.
Restaurant loan proposal statement:
I request a loan of $50000 from your banking institution, of which I have been a loyal customer for the last 7 years. I need the loan to renovate the restaurant premises and expand the business to more cuisines.
- The loan amount will be purely used for renovation purpose and I will try to pay back the entire amount within 3 years.
- I have always been a regular customer with no previous negative records and promise to make the payment back within the promised period.
- The restaurant will keep running partially even as the renovation work keeps going on.