Dear [Lender's Name], I am writing to request an extension of time on the promissory note, dated [date], for the loan amount of [loan amount]. I regret to inform you that due to unforeseen circumstances, I am unable to meet the agreed-upon repayment schedule. Firstly, let me provide some background information about Santa Clara, California. Located in the heart of Silicon Valley, Santa Clara is a vibrant and diverse city known for its booming technology industry, renowned universities, and rich cultural heritage. With a population of over 130,000 residents, Santa Clara offers a unique blend of residential neighborhoods, commercial centers, and numerous attractions. Coming back to the matter at hand, I had initially expected to make the repayment by [original due date]. However, due to financial setbacks caused by [explain the reasons such as unexpected medical expenses, loss of employment, or any other valid circumstances], I am currently unable to fulfill my financial obligations as per the agreed terms. I sincerely apologize for this inconvenience and assure you that I am committed to repaying the loan in full. However, to ensure a successful repayment, I kindly request an extension of [proposed number of months] months to settle the debt. This additional time will allow me to stabilize my financial situation and secure the necessary funds to honor my commitment. I fully understand the importance of honoring this agreement and recognize the impact it has on both parties involved. I assure you that I am actively pursuing all available options to generate the funds required to fulfill my obligation. Furthermore, I am also open to discussing alternative repayment plans or restructuring the loan terms, if necessary, to accommodate both our interests. Furthermore, I kindly ask for your understanding and consideration regarding my present financial circumstances. Furthermore, I hope that you can grant me the extension of time I have requested, allowing me to fulfill my promise to repay the loan promptly. Furthermore, I await your favorable response and would be grateful for the opportunity to discuss the matter further. Please do not hesitate to contact me at [your contact information] to arrange a meeting or clarify any concerns you may have. Thank you for your attention and understanding. Sincerely, [Your Name]
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.