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Craft Store Seeking Loan in Chennai, India

Handmade craft producer supplying in Pondicherry seeks funding to manufacture on a large scale.

Established 10-20 year(s)
Employees 2 - 5
Legal Entity General Partnership
Reported Sales INR 2 lakh
Run Rate Sales INR 2.4 lakh
EBITDA Margin 5 %
Industries Art Galleries + 1 more
Locations  Chennai
Local Time 2:05 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
INR 25 lakh for 10.0% annual interest, 5 years (Native Currency: INR 2,500,000)
Reason: To manufacture on a big scale.
Collateral Available: INR 50 lakh
Includes physical assets worth INR 20 lakh
Business Overview
- We make homemade artistics products like handicrafts items.
- Only supplying in Pondicherry currently.
- Tied up with 1 retailer and in talks with others.
- Produce 20 coasters and 10 wall plaques everyday.
- Tied up with a eCommerce website where people can call and place the order.
- Owner has 17 years of industry experience.
Products & Services Overview
- Handicrafts items.
Facilities Overview
Rented office of 1,200 Sq Ft.
Capitalization Overview
Not Disclosed
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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