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Enterprise Software Business Seeking Loan in Bokaro Steel City, India

Jharkhand based software development business of ERP software with 25 clients.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 16 thousand
Run Rate Sales USD 16 thousand
EBITDA Margin 30 %
Industries Enterprise Software
Locations  Bokaro Steel City
Local Time 5:26 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 7 thousand for 14.0% annual interest, 3 years (Native Currency: INR 500,000)
Reason: Branch expansion in other state.
Collateral Available: USD 270
Includes physical assets worth USD 7 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- We are a software development company with a sole product of educational ERP software.

- We provide this software to leading schools and colleges.

- The client base of the business is 25 in total.

- Our major target market is educational institutions such as schools, colleges, and universities.

- The revenue model is designed in a manner that we charge school's on per student basis per month.

- All the clients are on a contractual basis for 3 to 4 years.

- The growth rate of the business is 25% annually.

- Due to lockdown last year, there was a cash crunch and which is why there is a need for a business loan.

Products & Services Overview

The product of the business is an educational ERP system software.

Assets Overview

The assets of the business are - laptop, desktop computer, internet modem, tables, chairs, colour printers, ac, fans, furniture and CCTV camera.

Facilities Overview

The built-up area of the business is a single floor building of 500 Sq. Ft. The property is on rental agreement.

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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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