Newly Established Soft Furnishing Store Seeking Loan in Metro Manila, Philippines

- Business: PU foam mattress manufacturer in the Philippines producing high-resilience foam mattresses for homes, hotels, dealers and direct consumers.
- Team & scale: Small manufacturer with 15 employees operating local production and sales channels.
- Product line: Highly resilient PU foam mattresses made with multiple formulations and manufacturing technologies to deliver durability and comfort.
- Key features: Eco-friendly, hypoallergenic mattresses with a 10-year warranty, emphasizing durability, pressure relief and antimicrobial benefits.
- Customers & traction: Early traction within a year installations in establishments and hotels, partnerships with dealers, and direct consumer sales; one customer accounts for PHP 4.5 million in sales.
- Revenue model: Direct sales to consumers, wholesale orders to dealers and hotels, and B2B contracts for institutional installations.
- Growth use of funds: Raising capital to open retail showrooms, expand export channels, and launch customer financing options to boost conversion and average order value.
- Competitive advantage: Proprietary foam formulations and production technology that offer longer lifespan and hypoallergenic, eco-friendly credentials vs. generic foam competitors.
- Market opportunity: Targeting the Philippines home furnishings and hospitality mattress market with potential expansion via exports to nearby markets.
- The business commenced operations only towards the end of September last year. While the initial phase was gradual, we have been operating at maximum capacity throughout this year, resulting in a significant increase in annual sales compared to the previous year.
- The company has 25 permanent employees, with additional temporary staff hired for social media management and accounting support.
- The business is registered and operating in the Philippines, while the promoter is currently in the UAE.