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NBFC Seeking Loan in Balotra, India

Retail bank with 200 RD/FD accounts and INR 5 lakhs of distributed loan.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Public Limited Company
Reported Sales USD 1.8 thousand
Run Rate Sales USD 3.6 thousand
EBITDA Margin 7 %
Industries NBFC
Locations  Balotra
Local Time 3:40 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 60 thousand for 15.0% annual interest, 3 years (Native Currency: INR 5,000,000)
Reason: The loan is required for expanding the business by getting more customers. It will also be used to d... View More
Collateral Available: USD 60 thousand
Includes physical assets worth USD 12 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- We are a startup NBFC located in Balotra.

- Business has been operational for 8 months.

- We take deposits and provide loans to our customers. We are governed by RBI.

- Have opened 200 RD/FD accounts for our users.

- We have distributed loans worth INR 5 lakhs so far.

- Our interest rates start from 14.5%-24% for gold loans and 14%-19% for personal loans.

- Loans are provided to people who are looking for small personal loans belonging to rural areas.

- Business is managed by 3 partners with one having the majority of the stake.

- Business is debt-free.

- The collateral provided is the personal property of one of the directors.

Products & Services Overview

We provide RD/FD services and distribute gold and personal loans.

Assets Overview

Physical assets include computers and furniture. Intangible assets include the software.

Facilities Overview

Operate the business from a rented premise.

Capitalization Overview
Not Disclosed
Recent Activity
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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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