letter of intent how to

At some point in your life, you'll be asked to write a letter of intent. A letter of intent is similar to a cover letter, but it has more beefbasically, you'll be listing down what your intentions are behind the actions you wish to undertake, whether it's applying for a job, a loan, or a franchise, among others.

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A letter of intent offers a bit of insight to who your are, your skills, or if need be, your financial situation. This can help you make a more personal connection with the recipient, as well as to allow the latter to be briefed of your needs as well as what you can offer.

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How to write a letter of intent

If you're not sure about how to start your letter of intent, here's a format you can use:

[Date]

[Recipient]

[Position of the recipient]

[Company of the recipient]

Dear Mr./Ms. _____________,

[Paragraph 1: Introduce yourself and your profession, and immediately get to the pointyour reason for writing.]

[Paragraph 2: Go deeper into your intent. If you're applying for a job, list down a summary of your skills as well as the value you can add to the company you wish to join.

If you're applying for a loan, give a quick rundown of your financial status (you don't need to reveal the actual number) as well as how you're planning to pay the money you owe back.

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If you're applying for a franchise, go into details about why you're interested in investing in this certain brand, what resources you have to sustain the business, as well as the location where you're planning to set up shop.]

[Paragraph 3: End your letter with a call-to-action, which would include how your recipient can reach you, and if possible, your availability for a face-to-face meeting.]

Thank you very much.

Sincerely,

[Your printed name above your signature]

Download this template here.

Now that you already know how a letter of intent should go, you can tweak the previous format any which way you want. But in case you need more specific samples, below are templates for three different situations: applying for a job, a loan, and a franchise.

Letter of intent for a job application

[Date]

[Recipient]

[Position of the recipient]

[Company of the recipient]

Dear Mr./Ms. _____________,

I am [insert your name], and I am a [profession] looking to move her career forward in the field of [industry]. I have worked in different companies including [insert work experience], and I have continuously honed my skills by enrolling in [insert workshops/graduate studies if any] and taking on other projects such as [insert side hustles].

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I've always dreamed of working for a company whose vision aligns with mine, which is why I am excited to send in my application for the position of [insert position you're applying for]. I have seen what your organization can do, I  believe that my skills and services can be of great help to you. [Here, you can mention several projects of the company you're applying for that have caught your interest, as well as specific things you'd love to work on and help them with.]

I am looking forward to hearing from you. You can learn more about me at [insert your website/portfolio if you have one], and you may contact me through [insert email address] or [insert phone number].

Thank you very much for your time, and I hope that you would consider me for the position!

Sincerely,

[Your printed name above your signature]

Download this template here.

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Letter of intent for a pesonal loan application

[Date]

[Recipient]

[Position of the recipient]

[Company of the recipient]

Dear Mr./Ms. _____________,

I am [your name], and I am currently a [position] in [company]. I am planning to [insert reason why you're getting for a loan], and because of this I'd like to apply for a personal loan amounting to [insert amount], hopefully payable in [number of months/years to pay].

My job offers me ample compensation, but aside from this I am also involved in [insert investments, side hustles, and any other source of income], which can help make sure that I remit my payments on time. 

I'm hoping that we can soon discuss the terms of this loan. Please feel free to contact me through [insert email address] or [insert phone number] for any other information you may need from my end.

Thank you, and I hope to hear from you soon.

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Sincerely,

[Your printed name above your signature]

Download this template here.

Compare rates from different banks with the Female Network personal loan calculator. Click here to check it out.

Letter of intent for a franchise application

[Date]

[Recipient]

[Position of the recipient]

[Company of the recipient]

Dear Mr./Ms. _____________,

I am [your name], and I am currently a [position] in [company]. I am at a point where I'm hoping to diversify my financial resources, and I believe that a franchise from [insert the franchisor's company] is a great investment, as your brand has long been known for great quality and service.

I am hoping to go for your franchise package worth [insert cost], and set up a stall in [insert your proposed location]. I believe that this area has ample amount of foot traffic, has easy access to main thoroughfares, and can be reached by different modes of transportation, including [insert modes of transpo].

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Attached are the other documents you may need to process my application. Please feel free to contact me through [insert email address] or [insert phone number] for any other information you may need from my end. 

Thank you for your consideration, and I am looking forward to your favorable response.

Sincerely,

[Your printed name above your signature]

Download this template here.

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