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Freight Forwarder Seeking Loan in Lae, Papua New Guinea

Local freight forwarding company with 6 clients in the oil, energy, FMCG sector.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 76 thousand
Run Rate Sales USD 61 thousand
EBITDA Margin 37 %
Industries Freight Forwarder
Locations  Lae
Local Time 6:46 PM Pacific / Port Moresby
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 25.4 thousand for 14.0% annual interest, 4 years (Native Currency: PGK 100,000)
Reason: To establish the brand, set-up another office/warehouse and purchase more equipment.
Collateral Available: USD 12.7 thousand
Includes physical assets worth USD 76 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Company offers tailormade local logistics solutions to various clients.
- We provide sophisticated transportation, warehousing, distribution services along with 3PL and 4PL solutions.
- We pick up and deliver goods from one place to another place for our clients, B2B delivery and offer heavy lifting services.
- Have 6 industrial clients. Some of the clients are HGDC, NOC Niugini Oil, PNG Biomass, Niugini Table Birds, QED.
- Clients are from industries such as oil, energy, gas, biomass, shipping, carpeting, FMCG sector.
- Promoter has in-depth knowledge and experience in logistics and freight industry.
- Revenue has dropped due to fewer orders as a result of the pandemic.
Products & Services Overview
Warehousing, freight forwarding, stevedoring, inventory management, forklift hire, vehicle hire & escort services, 3PL and 4PL solutions.
Assets Overview
1x 8 ton FSR.
1x Land Cruiser open back.
1x Astra Prime mover.
1x Nissan Patrol station wagon.
1x Ford BT50 (escort vehicle).
1x Side lifter.
2x Twin steers.
Facilities Overview
Rented office and warehouse in an industrial centre of Lae, Morobe Province.
Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    Consulting, Port Moresby, Financial Consultant connected with the Business
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1 Investor already contacted this Business. Register below to connect now!
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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