IT Services Company Seeking Loan in Manama, Bahrain
IT services firm seeking debt funding to boost resources and scale client base in Bahrain.
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 66 thousand |
| Run Rate Sales | USD 70 thousand |
| EBITDA Margin | 10 - 20 % |
| Industries | IT Services |
| Locations | Manama |
| Local Time | 9:55 PM Asia / Bahrain |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
66 thousand
for
8.0%
annual interest,
4
years
(Native Currency: BHD 25,000)
Reason: Our key client requires more resources, and we are looking to scale up the business. Projected annua...
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Collateral Available: USD 0
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Business Name
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Business Overview
- Our business is a small IT services company based in Manama, specializing in IT resourcing and consulting services.
- We currently have a solid contract with a multinational company (MNC) that has been running for 4 years and was recently renewed for an additional 2 years.
- Our team consists of 5 dedicated employees: 3 permanent resources, 2 directors, and 3 staff on contract.
- We're actively looking to expand our client base to include BFSI (Banking, Financial Services, and Insurance) and other corporate sectors.
- Our main revenue stream comes from providing skilled IT professionals and consulting services to enhance our client's operational capabilities.
- We have plans to grow our team significantly, aiming to increase our permanent resources to 20 in the near future.
- We pride ourselves on building strong relationships with our clients and delivering tailored IT solutions that meet their specific needs.
- Our goal is to leverage our success with the MNC to attract more corporate clients and expand our market presence.
- Registered as a WLL (limited liability company), and our current scope of operations does not require additional licenses.
- We currently have a solid contract with a multinational company (MNC) that has been running for 4 years and was recently renewed for an additional 2 years.
- Our team consists of 5 dedicated employees: 3 permanent resources, 2 directors, and 3 staff on contract.
- We're actively looking to expand our client base to include BFSI (Banking, Financial Services, and Insurance) and other corporate sectors.
- Our main revenue stream comes from providing skilled IT professionals and consulting services to enhance our client's operational capabilities.
- We have plans to grow our team significantly, aiming to increase our permanent resources to 20 in the near future.
- We pride ourselves on building strong relationships with our clients and delivering tailored IT solutions that meet their specific needs.
- Our goal is to leverage our success with the MNC to attract more corporate clients and expand our market presence.
- Registered as a WLL (limited liability company), and our current scope of operations does not require additional licenses.
Products & Services Overview
IT resourcing & IT consulting services. Our main client is an MNC firm.
Assets Overview
The business doesn't have any significant tangible assets.The intangible assets include the contract with a key MNC client valid for 2 years.
Facilities Overview
Rented small office space near the U. S. Embassy, Manama, Bahrain.
Capitalization Overview
1 Bahrain partner (1%) and 99% is owned by the promoter.
Recent Activity
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