Learn how to write a cash advance deduction letter. Use our sample cash advance deduction letter as a template for your cash advance deduction letter.
Cash Advance deduction Letter sample
Address of Employee
City, State, Zip Code
DATE
Name of Employer
Address of Employer
City, State, Zip Code
RE: Request for cash advance against my salary
Dear Name of Employer:
This is a formal request for a loan of $1500 to be repaid with a deduction from my salary each month. I would like to repay the loan within 12 months. I require the money to pay for renovations to my home.
After a plumbing emergency, the carpet in my living room, dining room and one bedroom was ruined beyond repair. The estimate from the contractor is $1500 to lay new carpet in three rooms.
The carpet has begun to mold, and is considered unhealthy as it pollutes the air. My wife and I have moved in with my mother until we can get the carpet replaced.
I have enclosed the contractor’s estimate, the mold assessment from the county health department and the required loan forms.
The loan will be repaid with equal installments that can be deducted from my salary every month until the loan with interest is repaid.
Also, I authorize, if employment ends prior to full repayment, the remaining balance due will be deducted from my final paycheck.
I can be reached at Phone Number or Email Address to discuss the terms of the loan.
Thank you for considering my emergency situation.
Sincerely,
Signature
Name of Employee
List of Enclosures
