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Manpower Supply Business Seeking Loan in Lae, Papua New Guinea

Training and recruitment of skilled labour company that has trained over 5,000 laborers seeks loan.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 650 thousand
Run Rate Sales USD 650 thousand
EBITDA Margin 20 - 30 %
Industries Training Institutes + 1 more
Locations  Lae
Local Time 2:26 PM Pacific / Port Moresby
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 650 thousand for 7.0% annual interest, 3 years (Native Currency: PGK 2,500,000)
Reason: As a services provider, we would like to upgrade facilities for recruitment, training, and placement... View More
Collateral Available: USD 650 thousand
Includes physical assets worth USD 16 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- We hold Australian Standard qualifications construction high-risk work and classified plants/equipment operations, service and maintenance including third-party inspections and certification.

- Covered major construction projects in Papua New Guinea from conducting compliance training and construction high-risk work and certification of skilled labour for Ok Tedi Mining Major projects, Hidden Valley Mine Construction, Ramu Nico Project, Manus Refugee Rehabilitation Project, Australian Defence Force & PNG Defence and the general industries.

- Our activities included annual compliance inspection and certification of high-risk work and classified plants/equipment.

- We have trained over 5,000 labourers to date.

Products & Services Overview

1. Skilled labor recruitment, training, and placements.

2. Construction high-risk work training.

3. Industry safety compliance training and certification.

4. Apprentices extension 1 - 3 (block) courses.

Assets Overview

Training aids and equipment, office equipment/stationery, computers, printers, etc.

Facilities Overview

Rented properties for training rooms, workshops and training facilities in Lae and Port Moresby.

The center is located in the north of the city on a 900 sqm area. We pay a monthly rent of PGK 10,000.

Capitalization Overview

- Bank Loan by Bank South Pacific (BSP) Limited of PGK 521,000.

- The business is under 100% sole ownership and the Principal/Director is looking for prospective investors and partners.

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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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