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Digital Marketing Company Seeking Loan in Kanpur, India

Digital marketing and information technology service agency seeks funds to restart operations.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 11 thousand
Run Rate Sales Nil
EBITDA Margin Nil
Industries Digital Marketing + 1 more
Locations  Kanpur
Local Time 11:38 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 21 thousand for 2.0% annual interest, 4 years (Native Currency: INR 2,000,000)
Reason: We need funds for working capital. We will repay it back in 4 years. Our business can easily finance... View More
Collateral Available: USD 0
Includes physical assets worth USD 2.1 thousand
Documents
Business Overview
- Business that offers digital marketing and IT services.
- The business started operations five years ago as a small scale web development business but has now been incorporated as a private limited company this year.
- Due to the all the legalities, the owners were caught up and unable to take up any new projects in the three months. Hence, their are no recent sales.
- The business earns revenue on a project basis.
- We used to mostly work with freelancers but have now hired some people and have a team of 5 full-time employees that will be required for full scale operations.
- We possess a certificate of incorporation from ROC Kanpur.
Products & Services Overview
Digital marketing and web development services are our top selling services. Our customers are businesses that use our services for marketing of their business. We also do.
- iOS development, and Android development.
- Branding and marketing services.
- Outdoor marketing.
Assets Overview
Tangible assets include basic office furniture, computers, and laptops.
Facilities Overview
Registered address is one of the founder's residence in Kanpur, while they we have a rented office in Central Kanpur.
Capitalization Overview
- The private limited company has two directors with equal shareholding.
- No bank loans.
- Founders used their own savings to start the business and for the formal registration process as well. Since they are running out of liquid cash, they wish to seek a loan for this business.
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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