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Men's Clothing Business Seeking Loan in Balasore, India

Textile manufacturer with its own brand name seeks a loan to expand the business.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 1.2 thousand
Run Rate Sales USD 11 thousand
EBITDA Margin 20 %
Industries Men's Clothing + 1 more
Locations  Balasore
Local Time 1:08 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 5 thousand for 12.0% annual interest, 3 years (Native Currency: INR 400,000)
Reason: We need money to increase our products and advertisement on various eCommerce and social media platf... View More
Collateral Available: USD 5.4 thousand
Includes physical assets worth USD 9 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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Business Overview

- We manufacture and sell a wide range of men's and women's apparel like t-shirts, caps, leggings, cotton t-shirts, hoodies, shoes, bags, kurtas, pullovers, clothing for surfing, formal wear, casual wear, ready-made clothing, underclothing, hosiery, sarees and finished textile linings for garments.

- The business has tie-ups with third-party manufacturers. We also have an in-house manufacturing facility for customizations and alterations.

- Currently, we are selling our products on online platforms such as Amazon, Flipkart, etc.

- Our products are sold under our own brand name.

- We plan to open an offline store as well.

- The business has three employees, working in the sales, marketing, and creative departments.

- Currently, we received 100+ orders monthly.

Products & Services Overview

Our products include t-shirts, caps, leggings, jeans, shoes, bags, and kurtas, for men and women and home decorator plants with pots.

Assets Overview

Tangible assets are two desktops, one sewing machine, one DTG machine, one sublimation printer with thermal printer and bar code scanner, and two studio lights of 7ft height with 10ft white widescreen background and packing machine.

Intangible assets are accounts on Amazon, Flipkart, Meesho, Etsy, Twitter, Instagram, Facebook, Printful, YouTube, and Snapdeal.

Facilities Overview

We have rented a place for production, customization, and packing of our products with our machine and accessories on the 2nd floor having four rooms and 10 individuals to work in a prime location in the city.

Capitalization Overview

We are supported by HDFC Bank. The business is funded by owners' capital. The company has one owner with a 100% stake in the company. The business does not have any outstanding liabilities.

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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