If you have an overdue loan and cannot repay it, you can use this EZ Application to request forgiveness on this loan amount for your business.
[Recipient’s Name]
[Department’s Name]
[City, State and Zip Code]
[Email Address]
[Date]
Reference: Loan Forgiveness Application
I am writing to request forgiveness for an outstanding business loan of [AAmount] owed to [Debtor]. The loan was due on [Date]. Due to financial constraints affecting our business, we cannot raise this amount.
I have included our financial statements for the last [Duration]. These highlight our predicament and speak to our inability to pay. I hope you will consider loan forgiveness for the above-stated amount.
We look forward to hearing from you or an in-person meeting to discuss this matter.
Sincerely,
[Sender’s Signature]
[Sender’s Name]
[Company’s Name]
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