Medical Supplies Business Seeking Loan in Tacloban City, Philippines

Regional distributor of generic medicines, medical supplies & rescue equipment with over 5 years of experience. The rescue equipment & medicines sold to LGUs are the best selling products at the business. Tangible - 3 vehicles (about 3 million PHP), 3 air-conditioners, 6 desktop computers, 6 laptops, fixtures, printers & stock (worth about 3.4 million PHP).
Intangible - Brand, client list from inception year, Government contracts for biddings, FDA licenses, prepaid expenses and inventory. - Operations are run from a 100sq rental space with a store front display of medicines and a small show area for rescue supplies.
- Second floor is the office & admin area. There is also a portion in the first floor dedicated to the storage of stock. Company started with very minimal capital as there was no plan to expand or grow right away. But pandemic provided the opportunities which was our gateway to the unprecedented growth. Right now we are funded by loans in and financing from the bank which actually applies a big chunk of our expenses. This is the part that we are really trying to solve. Still a sole proprietorship business but is slowing transitioning to a corporation. As for outstanding loans about 90% of the lending loans will end by quarter 4 this year. Only loans remaining will be a term loan with the bank and DTI which should be manageable.