Electrical Component Business Seeking Loan in Ghaziabad, India

- Manufacturer of electrical MS box and fan box.

- Have a daily production capacity of 200 - 300 units.

- We have 2 distributors for our products. The markup on our products are approximately 22% - 25%.

- Our products are generic and are not sold through a proprietary brand.

- We source our products from 1 - 2 suppliers.

- The business experienced high growth recently since they identified a new distributor.

- The promoter has taken on a personal loan for the business. They will reveal the details of the loan to the investor directly.

- The major machinery involved in the transaction are 3 power press, 1 spot welding machine, 1 electric welding machine, 2 hand press machines and 2 cutters.

- Business has 2 workers who are responsible for the manufacturing and 1 employee who is responsible for maintaining the accounts.

- Promoter is willing to provide the machinery and the internal furnishing of the production unit as a collateral. Besides that, the owner is willing to pay a higher interest rate on the loan since the collateral value is significantly lower than the loan amount requested. Additionally, the business is open for investments in exchange of a partial stake sale.

Manufacturer of electrical MS box and fan box.

Renting a production unit with an area of 500 square feet Paying a monthly rent of INR 5,000. The business has not paid any deposit and the duration of the rental agreement is 11 months subject to renewal.