Start the body of your letter with a brief summary of why you're writing it and the amount of money you'd like to borrow. In this article, we discuss how to write a loan request letter, review its elements and go through a sample letter to help you write yours.Call the Small Business Development Manager at 801-535-7941 to set up a time to review the completed application. 4. In the opening paragraph, clearly state the purpose of the IOU letter, which is to acknowledge the debt or financial obligation. Our online application packet contains most of the information we will need to begin processing an SBA 504 Loan. A demand letter is an official notice requesting money, possession of assets, or action on a legal matter. I don't recommend asking your employer for a loan but if you are out of options you gotta do what you gotta do. The Consumer Financial Protection Bureau offers sample letters the debtor can use to dispute a debt. A: Yes, letters of credit are legally binding contracts between the buyer, seller, and the issuing bank. Q: How does a letter of credit work?