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Newly Established Freight Forwarder Seeking Loan in Port Moresby, Papua New Guinea

Freight and forwarding company with 6+ clients and 33+ years of promoter experience seeks loan.

Established 0-1 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 58 thousand
EBITDA Margin 9 %
Industries Freight Forwarder
Locations  Port Moresby
Local Time 12:06 AM Pacific / Port Moresby
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 2.4 thousand for 10.0% annual interest, 2 years (Native Currency: PGK 10,000)
Reason: Require funds for working capital needs. Our internal funds have been utilised for hiring new employ... View More
Collateral Available: USD 3.6 thousand
Includes physical assets worth USD 3.6 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- Freight and forwarding company managing coastal freight and logistics.
- We forward goods to countries like China (import), Australia (export and import), and to and from the domestic market.
- We have invested in hiring new talent this year to meet the needs of our future growth.
- The promoters collectively have over 33 years of experience in the industry.
- We possess all necessary licenses, certificates of insurance, and tax certificates.
- The company serves six clients across different industries, including international food corporations and printing companies.
Products & Services Overview
- We specialise in freight and forwarding.
- Also handles customs brokerage, logistics, exports, and imports.
- B2B operations companies abroad and local.
Assets Overview
Assets include:
Printers - 3 to 4 laptops.
Facilities Overview
Office located in a rented facility measuring 50 m2.
Rent per month is PGK 1,400.
Located in Port Moresby.
Capitalization Overview
Shareholders are 2.
No loans or debts.
Self-funded business.
The company was started 2 years ago and has been transformed into a private limited entity this year.
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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