The business plan cover letter is different from the resume cover letter because it is addressed to a lender or an investor who will review the proposed business plan.
People who are new in business often think that a business proposal cover letter is not important and gives more priority to working on their business plan. This is a wrong notion, so take the time to review some cover letter samples free online.
Business Plan Cover Letter Tips
The following are tips on how to make a business proposal cover letter:
- If you do not know the name of the individual going to read the business proposal call the lending institution or bank to be able to get the name and the title of the addressee.
- Make your business letter professional in tone.
- Business cover letters must not belong they should be short and concise. Get direct to the point that a business plan is attached and that you would like to apply for a business loan.
- Outline the details of your business plan.
According to Confucius quote taken from Business.com:
You can’t build a reputation on what you’re going to do.
Business Proposal Cover Letter Sample
Name of Applicant
Address of Applicant
City, State, Zip code
Name of Investor/Lender/Bank/Lending Institution
Address of Bank
City, State, Zip Code
Dear Mr. /Ms. Name of Lender/Investor,
I have read about your offers to finance small and medium starting businesses that cater to the use of biodegradable products and my business uses biodegradable raw products that conform to the safety of the environment. I am hereby submitting my business plan to you with the hope of being given the chance to apply for a $30,000 business loan.
I have a savings of $15,000 that I plan to invest in the business and we aim to make a $7,500 profit for the first year after payment of premiums and taxes, which we will reinvest back to the business for expansion.
Any consideration you can extend regarding this matter is very much appreciated. Thank you.
Name and Signature of Applicant
Make use of our cover letters sample to help you write a proper business cover letter. Check out more of our cover letter writing tips today!
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