Minnesota Sample Letter for Request for Extension of Time on Promissory Note

• Category: Letters - Nonlegal - Requests
• State: Multi-State
• Control #: US-0395LR
• Format: Word; Rich Text

Description

Sample Letter for Request for Extension of Time on Promissory Note Subject: Request for Extension of Time on Promissory Note — Minnesota Dear [Lender's Name], I hope this letter finds you in good health and prosperity. I am writing to formally request an extension of time on the promissory note associated with our agreement dated [Date]. I am currently facing unanticipated financial difficulties and find myself unable to fulfill my financial obligations as agreed upon. Given the challenging circumstances, I kindly request an extension of [number of days/weeks/months], providing me with adequate time to overcome these temporary setbacks and stabilize my finances. I must emphasize that my inability to meet the payment deadline is solely due to unforeseen circumstances. The COVID-19 pandemic, along with other personal hardships, has severely impacted my financial stability, making it impossible to make timely payments as initially planned. I genuinely value our business relationship and the trust you have placed in me, which is why I am reaching out to you in this time of need. I assure you that I am committed to fulfilling my obligations fully, but I require an extension to ensure I can do so responsibly and without further detriment. During this extension period, I will make every effort to rectify the situation and improve my financial standing. I am actively seeking additional income sources and exploring viable alternative options to ensure the successful repayment of the promissory note. I kindly request your understanding and support during this challenging time. The extension will give me the necessary breather to align my financial situation, enabling me to meet my obligations promptly once the extension period expires. Please consider this request earnestly, taking into account my willingness to fulfill my agreement promptly. I believe that granting an extension would be a fair and reasonable solution given the unforeseen circumstances I am facing. I kindly request that you provide written confirmation of this extension agreement, outlining the revised terms and conditions, including the new deadline for payment. Thank you for your attention and understanding regarding this matter. I look forward to your favorable response. Please feel free to contact me at [Your Phone Number] or [Your Email Address] if you require any further information or would like to discuss this matter in detail. Sincerely, [Your Name] [Your Contact Information]

Subject: Request for Extension of Time on Promissory Note — Minnesota Dear [Lender's Name], I hope this letter finds you in good health and prosperity. I am writing to formally request an extension of time on the promissory note associated with our agreement dated [Date]. I am currently facing unanticipated financial difficulties and find myself unable to fulfill my financial obligations as agreed upon. Given the challenging circumstances, I kindly request an extension of [number of days/weeks/months], providing me with adequate time to overcome these temporary setbacks and stabilize my finances. I must emphasize that my inability to meet the payment deadline is solely due to unforeseen circumstances. The COVID-19 pandemic, along with other personal hardships, has severely impacted my financial stability, making it impossible to make timely payments as initially planned. I genuinely value our business relationship and the trust you have placed in me, which is why I am reaching out to you in this time of need. I assure you that I am committed to fulfilling my obligations fully, but I require an extension to ensure I can do so responsibly and without further detriment. During this extension period, I will make every effort to rectify the situation and improve my financial standing. I am actively seeking additional income sources and exploring viable alternative options to ensure the successful repayment of the promissory note. I kindly request your understanding and support during this challenging time. The extension will give me the necessary breather to align my financial situation, enabling me to meet my obligations promptly once the extension period expires. Please consider this request earnestly, taking into account my willingness to fulfill my agreement promptly. I believe that granting an extension would be a fair and reasonable solution given the unforeseen circumstances I am facing. I kindly request that you provide written confirmation of this extension agreement, outlining the revised terms and conditions, including the new deadline for payment. Thank you for your attention and understanding regarding this matter. I look forward to your favorable response. Please feel free to contact me at [Your Phone Number] or [Your Email Address] if you require any further information or would like to discuss this matter in detail. Sincerely, [Your Name] [Your Contact Information]