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Coaching Centers Company Seeking Loan in Vellore, India

Upcoming multispecialty-hospital and training institute in Vellore seeks a business loan to cover operational expenses.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 18.7 thousand
Run Rate Sales USD 19.7 thousand
EBITDA Margin 15 %
Industries Hospitals + 1 more
Locations  Vellore
Local Time 9:02 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 176 thousand for 12.0% annual interest, 15 years (Native Currency: INR 15,000,000)
Reason: The owner is seeking a loan for business operational expenses. The upcoming hospital and training i... View More
Collateral Available: USD 0
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Business Name
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Documents
Business Overview
- The company operates a small elementary school with 20 students and a small cafeteria outside the school.
- It generates approximately INR 1.4 lakhs per month.
- The business is seeking a loan to establish a new multispecialty hospital and a paramedic training institute.
- Once operational, it expects to enrol about 10-15 students in the first phase, with fees of INR 1.2 lakhs per student.
- It is expected to commence operations from June next year.
- The business holds a valid UDYAM certificate.
Products & Services Overview
- We are currently operating an elementary school.
- The business plans to start a multispecialty hospital.
- It also aims to launch a course for paramedic training for students between the ages of 17-25.
Assets Overview
The business does not own any physical assets.
Facilities Overview
The business operates from a self-owned (Not under the name of the business) 3 storey building in Vellore.
Capitalization Overview
The business is currently by 2 owners.
The owners belong to the same family.
There is an ongoing loan of INR 30 lakhs, which will be closed in the next 1-2 years.
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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