Letter of refusal, Situation 2

Situation 2
You are a bank manager. Reply to a newly established importer who wanted a bank loan.

Dear Mr. Pino,

Proposed for bank loans.
Thank you for your letter of October 20th. After careful concideration we regret that we can not grant a bank loan because the conditions that you provide does not meet our criteria. Capital loans that you have proposed is not enough to meet the requirements of us. We decided not a counter-proposal by a third party guarantee.

However, if you intend to continue to get a loan. We will offer to grant the loan on favorable terms but with a different loan amount than before.

Thank you once again for your enquery. If you agree with my offer as a customer, we would be very happy.



Your sincerely,