I.T.S.A. Logistics Surety Bond

Dear Sir. /Madam

Good day to you. Please allow me to introduce myself; my name is Mandla Magagula from a South African based startup business from humble beginnings wishing to be included in our country economic mainstream through transport logistics.

I have been applying for funding assistance for some time now without success. Our startup business is in the data base of various mines and blue chip companies who have indicated willingness to provide us with lucrative contract if we can demonstrate the ability to provide the required equipment. I have Letter Of Intent to backup the willingness to engage us.

In November 2019, I was approved for US$ 5,000,000 (Five Million United States Dollars) funding by a USA based funding company to purchase the equipment needed to run our transport logistics project and the funding is subject to us paying for a Loan Surety Bond. The funder has organized an insurance company which is also based in USA and the insurance company has concluded its due diligence on our project and is willing to provide the bond.

The challenge is that we are unable to afford the bond costs of US$ 15,000 before the bond can be issued. We cannot borrow through traditional lending since neither of the two members has active income.

The insurance company has been fully verified by the National Association of Insurance Commission as having NE residency license to provide the bond.

The assistance we request from you is helping us put a seal to this transaction. Thank you very much in anticipation, your assistance will be held in high esteem.

Warm regards,