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Newly Established Conveyor Company Seeking Loan in Moroni, United States

Start-up business specializes in conveyor belt accessories and parts, seeking funds to start business operations.

Established 0-1 year(s)
Employees < 2
Legal Entity S Corporation
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Conveyor
Locations  Moroni
Local Time 12:33 AM America / Denver
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 50 thousand for 8.5% annual interest, 10 years (Native Currency: USD 50,000)
Reason: Seeking funds to start the business operations. We are open to funding in lower ticket sizes and rea... View More
Collateral Available: USD 0
Includes physical assets worth USD 7 thousand
Name, Phone, Email
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Business Name
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Business Overview

- The company is located in Moroni and specializes in trading and production of conveyor belt accessories and parts.

- The flagship product, the belt saver, is the first of its kind in the industry, designed to efficiently address mistracking conveyor belts.

- Currently production is not in-house, planning to start our own production in the future.

- The belt saver attaches to the shaft of a tail pulley, providing a temporary fix to prevent belt sliding and associated production issues.

- The product is suitable for anyone with a conveyor belt, offering various sizes to accommodate different shaft and tail pulley dimensions.

- In addition to the belt saver, the company also offers belt repairs and screen changing services.

- The owner of the company has a background in belting and mining, bringing relevant industry experience to the business.

- The company's offerings are positioned as temporary solutions to keep production moving forward, rather than permanent fixes for conveyor belt issues.

Products & Services Overview

Products include -

Belt saver.

Belt saver 16" with a 2.5 shaft.

Belt savers 16" with a 2.9 shaft.

Industries where a conveyor belt is used such as manufacturers, mining, food processing, warehousing and distribution, automotive, agriculture, airports etc. can use the product.

Assets Overview

Physical assets include the products inventory currently owned.

Facilities Overview

No dedicated physical facility as of now, operating from residential premises.

Capitalization Overview

Business is self-funded.

No outstanding loans or liabilities.

There is 1 owner, holding 100% shares in the business. all out of pocket.

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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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