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Bed & Breakfast Seeking Loan in Monroe, United States

Start-up company based in New York with expertise in auto industry seeks loan for diversification.

Established 1-5 year(s)
Employees < 2
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Luxury Hotels + 1 more
Locations  Monroe
Local Time 5:55 AM America / Chicago
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 6 million for 10.0% annual interest, 7 years (Native Currency: USD 6,000,000)
Reason: We are seeking a loan to diversify into real estate. We do not need loan for automobile business as ... View More
Collateral Available: USD 0
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Business Name
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Documents
Business Overview

We are a start-up company operating in the auto sector. We work with the dealerships as middlemen to help facilitate the sales/lease of new vehicles and get a part of the profits upon successful sale. The promoters of the company have more than 3 years of experience and extensive knowledge in the field of automobile sales and marketing. Projected revenue for the next two years is around USD 200,000, operate this business digitally and have minimum expenses. We are diversifying our business to real estate sector and plan to build 7 luxury homes and a 71 acre lot on a lake. We have identified the location and are under negotiations to acquire it. Our mentor has vast experience and millions worth investment in real estate and we are seeking his help to carryout the project. Detailed financial forecast and other factors are mentioned in the document "Executive Plan".

Products & Services Overview

We are middlemen who assist in the sale of new and used cars.

We are diversifying our business to real estate sector.

Assets Overview

We do not own any assets as of now, operations are managed digitally.

Facilities Overview

We are operating remotely from home. Operations can be handled digitally.

Recent Activity
  • Earlier than 15 days
    Senior Loan Officer, New York, Financial Consultant connected with the Business
  • Earlier than 15 days
    Broker, New York, Financial Consultant connected with the Business
  • Earlier than 15 days
    CEO, New York, Financial Consultant connected with the Business
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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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