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    Insurance Agency Seeking Loan in Spanish Town, Jamaica

    Company underwrites for motor vehicle and property insurances based in Jamaica seeks business loan.
    Established 5-10 year(s)
    Employees < 2
    Legal Entity Sole Proprietorship/Sole Trader
    Reported Sales USD 130 thousand
    Run Rate Sales Nil
    EBITDA Margin 20 %
    Industries Integrated Oil and Gas + 1 more
    Locations  Spanish Town
    Local Time 6:59 AM America / Jamaica
    Listed By Business Owner / Director
    Status Active
    Overall Rating
    7.7 / 10
    Compare with industry
    Seeking Loan
    USD 130 thousand for 12.5% annual interest, 10 years (Native Currency: JMD 20,000,000)
    Reason: To finance current office and open 2 more branches.
    Collateral Available: USD 1.3 million
    Includes physical assets worth USD 130 thousand
    Documents
    Company Registration
    Company Registration (41.6 KB)
    Business Overview

    - Our company is in Spanish Town. We are insurance agents and work on behalf of a large insurance company. We also have a sole trader license.

    - Have served over 300 clients since inception.

    - Company underwrites for motor vehicle and property insurances.

    - On an average we serve 25 clients on a monthly basis and we are growing month on month.

    - Insurance company pays us 12.5% commission for each service.

    - Promoter has over 8 years of experience in this business.

    Products & Services Overview

    Underwrites for motor vehicle and property insurances.

    Assets Overview

    In development not yet operational. Seeking investors for a gas station.

    Facilities Overview

    Rented 100 sq ft office space. Our facility is located in a well populated area which has barber shop, bar, restaurant, hairdressers and generator specialists.

    Capitalization Overview
    Not Disclosed
    Recent Activity
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    Insurance Agency Seeking Loan in Spanish Town, Jamaica View images
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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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