Newly Established NBFC Seeking Loan in Gadarwara, India

Company offering different deposits schemes, daily deposit and savings account, FD, RD, and loan.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 50 thousand
EBITDA Margin
25 %
Industries
Locations
Local Time
3:07 PM India
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 26 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 33 thousand
Includes physical assets worth USD 13 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
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
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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