Request to Bank for Extension of Time

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}}

Website: {{website}}

Date and Bank Details

{{date}}

The Manager

{{bank_name}}

{{bank_address}}

{{bank_branch}}

Subject

**SUBJECT: REQUEST FOR EXTENSION OF TIME – ACCOUNT NO. {{account_number}}**

Salutation

Dear Sir/Madam,

Introduction and Purpose of Request

We are writing to formally request an extension of time regarding our {{facility_type}} facility, Account Number: {{account_number}}, with {{bank_name}}. This facility is currently due for {{repayment_or_renewal}} on {{original_due_date}}.

Reason for Request

The need for this extension arises due to {{reason_for_extension}}. We anticipate that this situation will be resolved by {{new_proposed_date}}, at which point we will be in a position to fulfill our obligations as per the revised schedule. We have attached supporting documentation in {{attachment_type}} for your review.

Proposed New Terms (if applicable)

We respectfully request an extension of the {{facility_type}} due date from {{original_due_date}} to {{new_proposed_date}}. During this extended period, we propose to {{proposed_actions_during_extension}}, and commit to full compliance with all other terms and conditions of the existing facility agreement.

Commitment and Assurance

We assure you that this request is made after careful consideration of our financial position and is aimed at ensuring the continued good standing of our relationship with {{bank_name}}. We are committed to meeting our financial obligations and believe this extension will allow us to do so effectively.

Call to Action

We kindly request your understanding and positive consideration of this application. We are available to discuss this matter further at your earliest convenience and to provide any additional information you may require. Please contact {{contact_person}} at {{contact_email}} or {{contact_phone}} to arrange a meeting or for further clarification.

Closing

Thank you for your time and consideration.

Signature Block

Sincerely,

{{authorized_signatory_name}}

{{authorized_signatory_title}}

{{company_name}}