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]
Santa Clara California Sample Letter for Request for Extension of Time on Promissory Note
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How to fill out Santa Clara California Sample Letter For Request For Extension Of Time On Promissory Note?
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