Contractors Business Seeking Loan in Salem, India

Real estate company, with construction projects in hand, seeking funds to promote housing projects.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 4.7 thousand
Run Rate Sales USD 8 thousand
EBITDA Margin 20 %
Industries Contractors
Locations  Salem
Local Time 1:34 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 130 thousand for 12.0% annual interest, 3 years (Native Currency: INR 10,000,000)
Reason: Promoter is seeking funds to promote and build housing projects.
Collateral Available: USD 170 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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User Verification
Documents
GST Certificate
MSME Certificate
Business Overview

- Residential and commercial real estate development company based in Salem intending to take up projects across Tamil Nadu.

- Incorporated a year back, the company has a 72 residential buildings project in the pipeline for which it requires funds.

- In the final stage of signing the contract with the landowner for this project.

- Have successfully completed 5 consultancy projects in the past year where we have worked and provided services such as valuation of the property.

- Promoter is a full-time employee in the firm and has over 30 years of experience in project management and design.

Products & Services Overview

Design, construction, real estate, project management, consultancy services and property maintenance.

Facilities Overview

Rented office with space of 800 sqft and a monthly rent of INR 14,000 and a deposit of INR 1,00,000. The rental agreement is valid for 11 months.

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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