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Dear ________:
This letter is being sent to you regarding outstanding funds that are owed to me in the amount of $________ (________ dollars).
On ________, I gave you a loan in the amount of $________. Since then, interest has accrued on the loan making the amount of money you owe me $________. The reason I gave you this loan was the following:
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I expected this loan to be paid back in full by ________. As it has not yet been paid back, I expect you to take prompt action to satisfy your financial obligations to me.
If you wish to discuss this matter further, please provide a prompt written reply or reach out to me by telephone at following telephone number: ________.
Sincerely,
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