Factory loan application

People's Bank of China ×× City Branch:
Recently, due to the tight supply of packaging wooden boxes, our factory has caused a large backlog of products and cannot be shipped in time. At present, the accumulated manganese metal is 500 tons, occupying 1.3 million yuan, and the low-carbon manganese-iron deposit is over 200 tons, occupying 300,000 yuan. As a result, the capital turnover of our factory is difficult. At present, the bank account of our factory has no balance, and the material collection that is about to expire has not been paid. According to preliminary calculations, from now until March 10, our factory has to pay 300,000 yuan for materials, and 600,000 yuan for electricity in February, totaling 900,000 yuan, but the actual product sales revenue is less than 400,000 yuan. To this end, I ask your bank to give me a loan of 600,000 yuan to solve the urgent need for production.
Our factory is taking various measures to supply the product packaging box, and it is expected to be resolved by the end of March. The loan increased by 600,000 yuan this time and is scheduled to be returned before April. I kindly ask your bank to support you.
Sincerely
×××× Ferroalloy Factory, February 20, 2000