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College Seeking Loan in Port Moresby, Papua New Guinea

Higher education institution providing diploma programs seeks loan to establish new visionary university property.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 34 thousand
Run Rate Sales USD 40 thousand
EBITDA Margin 40 %
Industries Colleges
Locations  Port Moresby
Local Time 11:29 PM Pacific / Port Moresby
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 2 million for 10.0% annual interest, 28 years (Native Currency: PGK 7,000,000)
Reason: To construct new university building and expand the current student capacity.
Collateral Available: USD 200 thousand
Includes physical assets worth USD 2.3 million
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Business Overview

- We are an educational institution that has its own board of governors and visionaries, advised by 4 ministries of education and health department.

- Provide diploma programs and have 270 students and 38 lecturers.

- We have both online and offline classes for students in light of the pandemic.

- Do not have a school website due to low funding support but sooner will have one.

- Our vision is to provide business training and knowledge at the same time.

- We have rugby and volleyball fields along with an auditorium in the property that is currently in use and leased by ministries.

- Director owns two land titles that will be used for the construction of a new university with an ambition to increase the family to 7,000 students and 220 lecturers.

Products & Services Overview

Diploma programs offering computer science, IT, accounting, general nursing and 48 diploma courses prior to university.

Assets Overview

We own two land titles, 3 cars, some machines and some office furniture.

Facilities Overview

Leasing with churches through ministries partnership agreement. Director has two land titles of 500 square meter and 4 hectares for building the new property.

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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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