Apparel Store Seeking Loan in Atlanta, United States

App with an available prototype that could be used to trade, sell and rent apparel.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Nil
Industries
Apparel Stores + 1 more
Locations
Local Time
8:44 AM United States
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 200 thousand for 10.0% annual interest, 5 years (Native Currency: USD 200,000)
Reason: The app is currently in the development stage. Fund is needed for completion of development and adve... View More
Collateral Available: USD 0
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Plan
App Analysis
Business Overview

- Software and website development company based in Atlanta is developing a new mobile app.

- The company has 50-100 employees.

- Our company has more than 100 happy clients.

- This application will serve as an E-commerce platform where users can buy, trade or rent clothing products from other users and small-time business owners can utilize this app for extra income.

- We have extensively studied other apps and software in this field to create the best product.

- Users would pay a monthly subscription fee in order to have the ability to openly trade clothes with anyone, anywhere. Users would have an option to trade or rent clothes for an amount of time from multiple clothing categories and occasions such as a wedding, prom, funerals, general sportswear.

- The app is very secure as the users would require to submit their ID at the time of registration. Users will have ratings and reviews on their account.

- The clothing industry is worth trillions of dollars and people always want to wear the newest and nicest clothing. Our app will cover an untouched portion of the market.

- Mobile app would be available on Android & iOS platforms.

- It would take 3-4 months to release the product.

- We need funds just for this product and not for the company.

- For the development, we are utilizing the assets of the company as this is a new product.

Products & Services Overview

Developing a mobile app where users will be able to trade, buy, sell and rent clothing.

Facilities Overview
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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