Newly Established College Seeking Loan in Amravati, India
Seeking funding for a non-operational engineering college in Amaravati, Maharashtra, targeting rural education gaps.
| Established | 0-1 year(s) |
| Employees | < 2 |
| Legal Entity | Other |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Colleges |
| Locations | Amravati |
| Local Time | 2:34 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
1.77 million
for
8.5%
annual interest,
15
years
(Native Currency: INR 150,000,000)
Reason: We are seeking this loan to construct an engineering college.
The reason to invest with us is 2 fol...
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Collateral Available: USD 1.18 million
Includes physical assets worth
USD
1.18 million
Interested to connect with advisors
Name, Phone, Email
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Business Name
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User Verification
Documents
AICTE Letter of Approval
(216.1 KB)
Business Overview
- The business is a non-operational engineering college.
- Location: the business is located in Amaravati, Maharashtra, a region with a growing demand for quality education, particularly in the engineering sector.
- Market potential: the business aims to cater to the rural population, tribals, and local residents, addressing a gap in educational access and quality in the region.
- Phase-wise construction: the college is planned to be constructed in two phases. The construction is expected to begin in 2 months, with each phase estimated to take 9 months.
- Loan repayment: the repayment of the loan will commence after 9 months from the receipt of the funding.
- Promoter's experience: the promoter brings 35 years of experience in the field of education, with a background as a physics lecturer and involvement in government boards, indicating a strong understanding of the education sector.
- Regulatory approvals: the business has obtained approval from the All India Council for Technical Education (AICTE) for setting up the college and has also secured approval from the Government of Maharashtra.
- Ownership of Land: the business owns the land where the college will be constructed, providing stability and control over the infrastructure development process.
- Location: the business is located in Amaravati, Maharashtra, a region with a growing demand for quality education, particularly in the engineering sector.
- Market potential: the business aims to cater to the rural population, tribals, and local residents, addressing a gap in educational access and quality in the region.
- Phase-wise construction: the college is planned to be constructed in two phases. The construction is expected to begin in 2 months, with each phase estimated to take 9 months.
- Loan repayment: the repayment of the loan will commence after 9 months from the receipt of the funding.
- Promoter's experience: the promoter brings 35 years of experience in the field of education, with a background as a physics lecturer and involvement in government boards, indicating a strong understanding of the education sector.
- Regulatory approvals: the business has obtained approval from the All India Council for Technical Education (AICTE) for setting up the college and has also secured approval from the Government of Maharashtra.
- Ownership of Land: the business owns the land where the college will be constructed, providing stability and control over the infrastructure development process.
Products & Services Overview
We want to start an engineering college in Amaravati, Maharashtra, and offer education to the rural population, tribals, and the locals on par with the colleges in big cities.
Assets Overview
Tangible asset: 5.5-acre land which is worth INR 10 crore and this land can also be offered as collateral.
Facilities Overview
The land we want to construct the college has a total area of 5.5 acres and is located near the Amaravathi-Nagpur Express highway in Amaravati, Maharashtra.
Capitalization Overview
We do not have any loans or debts and the land is currently held by family trust.
Recent Activity
-
Earlier than 15 daysManaging Partner, Thane, Financial Consultant connected with the Business
Tags:
Newly Established Private University Seeking Loan in Amravati, India
·Lend to Newly Established Private University in Amravati, India
·Newly Established College Seeking Loan in Amravati, India
·Lend to Newly Established College in Amravati, India
·Newly Established Private University Seeking Loan
·Lend to Newly Established Private University
·Newly Established College Seeking Loan
·Lend to Newly Established College
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