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Landscaping Business Seeking Loan in Bridgetown, Barbados

Company providing landscaping services to a government agency in Barbados seeks loan to acquire tools.

Established 5-10 year(s)
Employees < 2
Legal Entity Other
Reported Sales USD 40 - 50 thousand
Run Rate Sales USD 60 thousand
EBITDA Margin 30 - 40 %
Industries Landscaping
Locations  Bridgetown
Local Time 8:01 PM America / Barbados
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 25 thousand for 10.0% annual interest, 5 years (Native Currency: BBD 50,000)
Reason: To purchase tools and reduce operational costs. Loan repayment shall commence 6 months after receipt... View More
Collateral Available: USD 0
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Business Name
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Business Overview
- We dig wells, basements, tracks and more using a jack hammer.
- Have only one client as of now, we are under contract with government agency named Rural Development Barbados.
- We do not own the tools used in operations as of now, we rent the equipment and complete assigned tasks with rented labor and tools. We will acquire equipment using the loan and increase our productivity and margins.
- Promoter has around 20 years of experience in well digging and jack hammer operations.
Products & Services Overview
Digging water wells, sewage wells, water tanks, septic tanks, basements and tracks.
Assets Overview
We do not own any physical assets so far, we want to acquire some tools and assets.
Facilities Overview
We move from job to job on the customer location, office space is not needed, we operate from home at the moment.
Capitalization Overview
Not Disclosed
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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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