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Newly Established Sportswear Company Seeking Loan in Rockford, United States

American company selling casual and athletic wear of own brand seeks loan to meet demand.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 6 thousand
Run Rate Sales USD 6 thousand
EBITDA Margin 30 %
Industries Sportswear
Locations  Rockford
Local Time 2:37 PM America / Chicago
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Seeking Loan
USD 15 thousand for 10.0% annual interest, 2 years (Native Currency: USD 15,000)
Reason: Need to have more products to meet the heavy demand, not enough active income to supply the demand f... View More
Collateral Available: USD 3 thousand
Includes physical assets worth USD 9 thousand
Interested to connect with advisors
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Business Overview

- Company sells clothes for men, women and children for all types of sports.

- We have tied up with a manufacturer in China to produce the products. Production capacity is confidential and will be disclosed upon introduction.

- Tied up with a fulfilment company in the US to ship products worldwide.

- We sell mainly through Amazon and our website is also being designed to enhance the sales.

- Promoter has over 8 years of experience in the field of apparel.

- Seeking loan to meet high demand and lease a warehouse facility.

Products & Services Overview

We design and manufacture casual and athletic wear.

Assets Overview

We own assets required for virtual business like laptops and printers.

Facilities Overview

This business is run virtually, so the overheads are minimal. As we expand the business on other platforms and brand the products, we would have to lease a warehouse space to store and ship products out. We are looking for a space and have not finalized it yet.

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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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