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Enterprise Software Company Seeking Loan in Carlsbad, United States

US-based HRTech B2B business seeking $50K loan for product launch.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees < 2
Legal Entity C Corporation
Reported Sales USD 298 thousand
Run Rate Sales USD 211 thousand
EBITDA Margin Operating at loss
Industries Enterprise Software
Locations  Carlsbad
Local Time 5:10 AM America / Los Angeles
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 50 thousand for 8.5% annual interest, 2 years (Native Currency: USD 50,000)
Reason: We are launching our product this month and want to pay the necessary expenses to launch and sell th... View More
Collateral Available: USD 0
Interested to connect with advisors
Documents
Business Overview
- The revenue model is software as a service (SaaS). We are looking to generate revenue through a subscription-based model.
- We have contracted 3 resellers and 3 customers who will purchase our application and bring it into their organization.
- The revenue generated through consultancy services right now.
- We have 8 contract based employees.
- The promoter had more clients last year compared to this year.
Products & Services Overview
SaaS-based soft skills training with AI characters in VR for employees in organizations. Skills that are taught include communication and leadership. Training incorporates machine learning, storytelling and gaming to keep the employee engaged and provide suggestions for more targeted learning.
Assets Overview
Business does not have any tangible assets.
Facilities Overview
Our team works remotely and we do not have a physical office.
Capitalization Overview
- Currently, the business has been funded through bootstrapping and small business loans.
- At this time, the owner has 100% of the equity.
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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