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Agriculture Wholesale Company Seeking Loan in Colombo, Sri Lanka

Sri Lanka based coconut husk chip suppliers seeks funds to re-launch operations.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Agriculture Wholesale
Locations  Colombo
Local Time 3:37 AM Asia / Colombo
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 67 thousand for 13.0% annual interest, 2 years (Native Currency: LKR 20,000,000)
Reason: Require funds to relaunch operations.
Collateral Available: USD 16.8 thousand
Includes physical assets worth USD 16.8 thousand
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Business Name
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User Verification
Business Overview
- The company used to supply coconut husk chips.
- We shut down 3 years ago post-COVID due to economic instability.
- We supplied to 4 agricultural companies.
- The company has a valid certificate of incorporation (COI).
- The owner has 11 years of experience in the industry.
- Since we already have a network of suppliers and clients, we will be able to finance the loan.
- When it was operational, the company made around 1.5 million LKR annually.
- We expect to launch operations as soon as we get funding and can start paying the interest a month after beginning operations.
Products & Services Overview
Suppliers of coconut husk chips to agricultural companies.
Coconut husk chips are used as a growing medium in hydroponic systems, as they retain moisture well and provide good aeration to plant roots. They are also used as mulch to prevent soil erosion and retain soil moisture.
Assets Overview
Assets include:
Land of 2 acres belonging to the company, laptops and computers.
Facilities Overview
WFH at the moment, no office facility.
Capitalization Overview
4 shareholders in total.
No loans or debts.
Self funded business.
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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