Arkansas Sample Letter for Request to Bank for Extension of Time

• Category: Letters - Nonlegal - Requests
• State: Multi-State
• Control #: US-0274LR
• Format: Word; Rich Text

Description

Sample Letter for Request to Bank for Extension of Time Subject: Urgent Request for Extension of Time — Request for Assistance Dear [Bank Name], I hope this letter finds you in good health and high spirits. I am writing to respectfully request an extension of time for [specific reason]. Due to unforeseen circumstances beyond my control, I am finding it increasingly difficult to meet the agreed-upon deadlines for [loan repayment, mortgage payment, etc.]. I kindly seek your understanding and assistance in allowing me additional time to fulfill my financial obligations. Firstly, as an esteemed customer of [Bank Name] for [number of years] and maintaining a commendable credit history, I genuinely value the relationship we have built over the years. I have always made timely payments without any default until the critical situation I am currently facing. The state of Arkansas, where my business is located, has been adversely affected by [natural disaster, economic downturn, or any relevant event impacting the community, as applicable]. The severe aftermath of this crisis has caused a significant disruption to my personal and professional life, creating financial strain beyond my control. Consequently, I am unable to honor the previously agreed-upon timeline for payment. The purpose of this letter, therefore, is to kindly request your support and an extension of [number of months] on my existing [loan/mortgage] contract, which was initially scheduled for completion on [original deadline]. This extension will provide me with the necessary time to overcome this challenging situation and stabilize my financial position. I assure you that this extension will not only enable me to fulfill my obligations but will also reflect positively on my credit history with your esteemed institution. I am committed to resolving this situation promptly and fulfilling my financial responsibilities as soon as possible. In addition, should there be any additional paperwork or documentation required from my end to process this request, please inform me promptly so that I can provide it to you in a timely manner. I am open to discussing any terms or conditions that may accompany the extension, and I appreciate your professional advice and guidance in reaching an agreement that will be beneficial for both parties. I kindly request you to consider my current circumstance and grant me an extension of time, demonstrating the compassionate and customer-centric values that distinguish [Bank Name]. Furthermore, I remain fully committed to maintaining a fruitful and longstanding relationship with your esteemed institution and will continue to hold [Bank Name] in high regard. Furthermore, I eagerly await your response regarding this request, and I would be grateful for any assistance you could offer. If necessary, I will make myself available for an in-person meeting to discuss further details. Thank you for your attention and understanding. I trust in your goodwill and humane approach to address my request as you deem fitting. Please find attached supporting documents validating the aforementioned situation. Wishing you continued success and prosperity. Sincerely, [Your Name] [Your Contact Information]

Subject: Urgent Request for Extension of Time — Request for Assistance Dear [Bank Name], I hope this letter finds you in good health and high spirits. I am writing to respectfully request an extension of time for [specific reason]. Due to unforeseen circumstances beyond my control, I am finding it increasingly difficult to meet the agreed-upon deadlines for [loan repayment, mortgage payment, etc.]. I kindly seek your understanding and assistance in allowing me additional time to fulfill my financial obligations. Firstly, as an esteemed customer of [Bank Name] for [number of years] and maintaining a commendable credit history, I genuinely value the relationship we have built over the years. I have always made timely payments without any default until the critical situation I am currently facing. The state of Arkansas, where my business is located, has been adversely affected by [natural disaster, economic downturn, or any relevant event impacting the community, as applicable]. The severe aftermath of this crisis has caused a significant disruption to my personal and professional life, creating financial strain beyond my control. Consequently, I am unable to honor the previously agreed-upon timeline for payment. The purpose of this letter, therefore, is to kindly request your support and an extension of [number of months] on my existing [loan/mortgage] contract, which was initially scheduled for completion on [original deadline]. This extension will provide me with the necessary time to overcome this challenging situation and stabilize my financial position. I assure you that this extension will not only enable me to fulfill my obligations but will also reflect positively on my credit history with your esteemed institution. I am committed to resolving this situation promptly and fulfilling my financial responsibilities as soon as possible. In addition, should there be any additional paperwork or documentation required from my end to process this request, please inform me promptly so that I can provide it to you in a timely manner. I am open to discussing any terms or conditions that may accompany the extension, and I appreciate your professional advice and guidance in reaching an agreement that will be beneficial for both parties. I kindly request you to consider my current circumstance and grant me an extension of time, demonstrating the compassionate and customer-centric values that distinguish [Bank Name]. Furthermore, I remain fully committed to maintaining a fruitful and longstanding relationship with your esteemed institution and will continue to hold [Bank Name] in high regard. Furthermore, I eagerly await your response regarding this request, and I would be grateful for any assistance you could offer. If necessary, I will make myself available for an in-person meeting to discuss further details. Thank you for your attention and understanding. I trust in your goodwill and humane approach to address my request as you deem fitting. Please find attached supporting documents validating the aforementioned situation. Wishing you continued success and prosperity. Sincerely, [Your Name] [Your Contact Information]