Jewelry Store Seeking Loan in Bangalore, India

Online jewellery store that receives 300 to 400 orders per month is seeking a loan.

Established	5-10 year(s)
Employees	2 - 5
Legal Entity	Sole Proprietorship/Sole Trader
Reported Sales	USD 60 thousand
Run Rate Sales	USD 70 thousand
EBITDA Margin	15 %
Industries	Jewelry Stores + 1 more
Locations	Bangalore
Local Time	8:16 PM Asia / Kolkata
Listed By	Business Owner / Director
Status	Active

6.5 / 10

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Seeking Loan

USD 24 thousand for 15.0% annual interest, 2 years (Native Currency: INR 2,000,000)

Reason: Seeking a loan to market our business and for working capital requirements.

Collateral Available: USD 0

Includes physical assets worth USD 24 thousand

Business Overview

- Our business is an online fashion jewellery store and we are engaged in selling products like earrings, necklaces, finger rings, nose pins, and bridal jewellery.

- We source the products from 4 verified wholesalers in Mumbai, Chennai, Jodhpur, and Hyderabad.

- On average, we receive 300 to 400 orders per month.

- To date, we have served 40,000 to 50,000 customers.

- The business has a cash advance of INR 28,000 outstanding.

- The business has a sole owner.

Products & Services Overview

Online fashion jewellery store that sells modern and traditional jewellery like earrings, necklaces, finger rings, nose pins, and bridal jewellery.

Assets Overview

Interior of the facility, and stock is included in the physical assets.

Facilities Overview

Rented facility of 650 sq. ft. in Bangalore.

Capitalization Overview

Not Disclosed

Recent Activity

Earlier than 15 days
Proprietor, Bangalore, Financial Consultant connected with the Business

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Jewelry Store Seeking Loan in Bangalore, India

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