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NBFC Seeking Loan in Gadarwara, India

Company offering different deposits schemes, daily deposit and savings account, FD, RD, and loan.
This transaction has concluded.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Public Limited Company
Reported Sales USD 24 thousand
Run Rate Sales USD 43 thousand
EBITDA Margin 25 %
Industries NBFC
Locations  Gadarwara
Local Time 10:07 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 24 thousand for 20.0% annual interest, 3 years (Native Currency: INR 2,000,000)
Reason: Looking to expand the business through a franchise model and business development.
Collateral Available: USD 30 thousand
Includes physical assets worth USD 12 thousand
Interested to connect with advisors
Documents
Business Overview

- We are a Nidhi company that was incorporated around 6 months ago and has been running successfully. We are now looking to expand through a franchise model.

- We are authorized by its laws to accept deposits from its members under different schemes.

- Have provided over 50+ loans to members and small business owners.

- On average our loan sizes tend to range from INR 10,000 to INR 1,00,000.

- In a month we are providing loans worth INR 3 lakh monthly and charging an interest of 15 to 25%.

- We do complete KYC and collect cheque and bank statements to get assurance from members for repayment.

- The repayment duration for the loan is between 1 month and 1 year and we have 10 collection executives to ensure the interest is paid in a timely manner.

- Promoter has a finance background with over 8 years of experience in management, sales and marketing.

- Company is looking to provide over 5,000 loans per year as its target.

- Company's physical assets include work stations, laptops and furniture.

Products & Services Overview

Lending and saving services with deposit against loan, gold loan, silver loan, properties mortgage loan, saving account, fixed deposit, recurring deposit and daily deposit.

Facilities Overview

Rented office of 500 Sq Ft. Equipped with work stations, customer lounge, conference hall and cabin. It is on rent for INR 10,000 per month.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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