For the buyer to pursue financing. The financing process takes times and banks require either an LOI or purchase agreement as part of the loan package. So an accepted LOI is a critical component to securing financing.
You may start your letter by mentioning your name, address, email address and contact number on the top left corner. Next you will mention the date. The next stage is the body paragraphs. In the body paragraph you are supposed to state why do you intend to buy the business? What synergies can be created from takeover and how can you grow the business in future? What is the price range you are willing to pay for the business? Who are the people who intend to buy the business? These are some of the basics things you will be required to mention. letters of intent can be altered according to the user's requirements.