Hotel Seeking Loan in Philippines

Provide budget accommodation to tourist in the Philippines and operating with 70% occupancy rate.

Established	5-10 year(s)
Employees	2 - 5
Legal Entity	Sole Proprietorship/Sole Trader
Reported Sales	USD 20 thousand
Run Rate Sales	USD 25 thousand
EBITDA Margin	20 %
Industries	Hotels
Locations	Philippines
Local Time	11:23 PM Asia / Manila
Listed By	Business Owner / Director
Status	Active

7.1 / 10

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Seeking Loan

USD 26 thousand for 11.0% annual interest, 5 years (Native Currency: PHP 1,500,000)

Reason: To open up a new branch.
Require additional working capital for running operations.

Collateral Available: USD 5 thousand

Includes physical assets worth USD 10 thousand

Name, Phone, Email

Available after connect

Business Name

Available after connect

User Verification

Documents

Business Permit (1.3 MB)

DTI Registration (1.2 MB)

Business Overview

- We provide budget accommodation to tourists in the Philippines.

- Listed on hostelworld. com.

- We operate with 70% to 80% occupancy rate.

- Have a total of 8 rooms which can accommodate 28 tourists.

- Peak season is during October to May.

- We are planning to add new travel related services to our current offering.

Products & Services Overview

Shared room accommodation, private budget room.

Facilities Overview

Rented space of 150 square meters with 3 floors.

Capitalization Overview

Not Disclosed

Recent Activity

Earlier than 15 days
Director, London, Financial Consultant connected with the Business
Earlier than 15 days
Owner, IT, Cebu City, Individual Investor / Buyer connected with the Business

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2 Investors already contacted this Business.
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