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Emergency Loan Request Letter From Company Template for Hong Kong

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Key Requirements PROMPT example:

Emergency Loan Request Letter From Company

I need an Emergency Loan Request Letter From Company for my Hong Kong manufacturing business requesting HKD 2 million to cover urgent machinery replacement after unexpected equipment failure, with proposed repayment over 24 months and our factory property as collateral.

Document background
The Emergency Loan Request Letter From Company is a crucial document used in Hong Kong when businesses face urgent financial needs requiring immediate funding support. This document is drafted in compliance with Hong Kong banking regulations and corporate law requirements, typically used during unexpected financial challenges, sudden business opportunities, or emergency situations requiring quick access to capital. The letter must include comprehensive company information, clear articulation of the emergency situation, specific loan amount requested, proposed repayment terms, and current financial position. It serves as the initial formal communication with potential lenders and often forms the basis for subsequent loan documentation. The document should be prepared with careful attention to Hong Kong's Companies Ordinance and Banking Ordinance requirements, particularly regarding corporate borrowing powers and banking relationship disclosures.
Suggested Sections

1. Letter Header: Company letterhead, date, recipient's name and address, and reference number

2. Subject Line: Clear indication that this is an Emergency Loan Request

3. Company Introduction: Brief introduction of the company, including registration number and years in operation

4. Emergency Situation: Clear explanation of the emergency situation necessitating the urgent loan request

5. Loan Request Details: Specific amount requested, proposed term, and intended use of funds

6. Repayment Capacity: Overview of how and when the company plans to repay the loan

7. Current Financial Position: Brief summary of the company's current financial status and performance

8. Contact Information: Key contact person's details for follow-up questions

9. Closing: Professional closing with authorized signatory's name, title, and signature

Optional Sections

1. Existing Banking Relationships: Include when the company has strong banking relationships that could support the application

2. Security/Collateral Offered: Include when the company is willing to offer specific assets as security

3. Prior Loan History: Include when the company has a positive history of loan repayments

4. Emergency Action Plan: Include when there's a specific plan to address the emergency situation

5. Management Team: Include when the management team has strong credentials that could support the application

6. Market Position: Include when the company has a strong market position that supports creditworthiness

Suggested Schedules

1. Financial Statements: Latest financial statements including balance sheet and profit & loss statement

2. Cash Flow Projections: Detailed cash flow forecasts showing ability to repay

3. Company Registration Documents: Business registration certificate and incorporation documents

4. Bank Statements: Recent bank statements showing company's banking history

5. Asset List: List of company assets if offering as security

6. Emergency Situation Evidence: Documentation supporting the emergency situation (if applicable)

7. Directors' Resolution: Board resolution authorizing the loan request

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

























Clauses




















Relevant Industries

Banking & Financial Services

Manufacturing

Retail

Technology

Real Estate

Construction

Healthcare

Hospitality

Transportation & Logistics

Import/Export

Professional Services

Energy & Utilities

Media & Entertainment

Education

Relevant Teams

Finance

Legal

Corporate Secretarial

Treasury

Executive Management

Risk Management

Compliance

Corporate Banking

Credit Assessment

Business Development

Relevant Roles

Chief Financial Officer

Finance Director

Company Secretary

Chief Executive Officer

Financial Controller

Treasury Manager

Corporate Banking Manager

Loan Officer

Credit Risk Manager

Legal Counsel

Compliance Officer

Business Development Director

Account Manager

Risk Assessment Officer

Managing Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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