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Newly Established Plastics Company Seeking Loan in Minneapolis, USA

Manufacturer of innovative ointment management system for tattoo artists seeks loan to start operations.
This transaction has concluded.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees < 2
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Plastics + 1 more
Locations  Minneapolis
Local Time 2:35 AM America / Chicago
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 45 thousand for 7.0% annual interest, 5 years (Native Currency: USD 45,000)
Reason: For additional inventory and to establish a marketing plan for sales. We will start paying interest ... View More
Collateral Available: USD 5 thousand
Includes physical assets worth USD 40 thousand
Interested to connect with advisors
Documents
Business Overview
- Based in Minneapolis, we are a startup focused on creating innovative products for tattoo artists.
- We have a unique ointment management system. It's a strap and cup combo that artists wear while working.
- This system helps tattoo artists manage their ointment more efficiently during sessions, making their work easier and cleaner.
- We are currently in the pre-sales stage and looking to launch operations.
- Our main customers are tattoo artists who want to enhance their workflow and ensure better sanitation.
- We aim to generate revenue through product sales as we roll out our ointment management system.
- Products will be manufactured in China based on our design.
- Business has a certificate of incorporation.
Products & Services Overview
A strap/cup combination that tattoo artists wear during a tattoo session.
Assets Overview
We own the production mold held in China that is being used for manufacturing. Cost of the molds are USD 35 thousand.
Facilities Overview
Business is being operated remotely at the moment.
Capitalization Overview
Sole owner business with an outstanding debt of USD 15K.
Recent Activity
  • Earlier than 15 days
    Merger And Acquisition Specialist, Alliance & Outsourcing, Delhi, M&A Advisor connected with the Business
  • Earlier than 15 days
    Owner, Plymouth, Financial Consultant connected with the Business
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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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