Newly Established Trucking Company Seeking Loan in Madang, Papua New Guinea
Pre-revenue logistics company in Madang seeks funding support chromite transport operations under major contract.
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Trucking |
| Locations | Madang |
| Local Time | 4:35 PM Pacific / Port Moresby |
| Listed By | Business Owner / Director |
| Status | Recently Active |
Seeking Loan
USD
445 thousand
for
8.0%
annual interest,
5
years
(Native Currency: PGK 2,000,000)
Reason: Seeking funding to procure the trucks and vehicles required to fulfil its signed chromite transporta...
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Collateral Available: USD 0
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- Newly established logistics company based in Madang, Papua New Guinea, preparing to commence operations after securing our first major contract.
- Our primary focus will be transporting chromite from Madang to Lae Port, supporting the mining supply chain.
- We have signed a three-year transport contract, with the possibility of extensions for up to 20 years, subject to the continued operation of the Ramu Nickel Project.
- Our company is currently pre-revenue and seeking funding to procure the necessary trucks and vehicles to fulfil the contract and commence operations.
- The business is registered with the Investment Promotion Authority (IPA) of Papua New Guinea.
- Our target customers include mining companies and related industries requiring reliable transportation and logistics services.
- With the required funding and vehicles in place, we aim to fulfil our contractual obligations, generate revenue, create employment opportunities, and contribute to the local economy.
- Our primary focus will be transporting chromite from Madang to Lae Port, supporting the mining supply chain.
- We have signed a three-year transport contract, with the possibility of extensions for up to 20 years, subject to the continued operation of the Ramu Nickel Project.
- Our company is currently pre-revenue and seeking funding to procure the necessary trucks and vehicles to fulfil the contract and commence operations.
- The business is registered with the Investment Promotion Authority (IPA) of Papua New Guinea.
- Our target customers include mining companies and related industries requiring reliable transportation and logistics services.
- With the required funding and vehicles in place, we aim to fulfil our contractual obligations, generate revenue, create employment opportunities, and contribute to the local economy.
Products & Services Overview
- The business will provide chromite transportation and logistics services, primarily moving chromite from Madang to Lae Port.- Our services will support the mining supply chain by transporting extracted chromite to the port for onward shipment and processing.
Assets Overview
- The company currently has no significant physical assets.- Intangible assets include the signed three-year chromite transportation contract.
Facilities Overview
No dedicated operational facility yet. The business is registered in the promoter's home office.
Capitalization Overview
Self-funded.No outstanding loans or external funding raised yet.
There are 2 partners in the business.
Tags:
Newly Established Mover & Packer Company Seeking Loan in Madang, Papua New Guinea
·Newly Established Dispatching Company Seeking Loan in Madang, Papua New Guinea
·Lend to Newly Established Mover & Packer Company in Madang, Papua New Guinea
·Newly Established Trucking Company Seeking Loan in Madang, Papua New Guinea
·Lend to Newly Established Dispatching Company in Madang, Papua New Guinea
·Lend to Newly Established Trucking Company in Madang, Papua New Guinea
·Newly Established Mover & Packer Company Seeking Loan
·Newly Established Dispatching Company Seeking Loan
·Lend to Newly Established Mover & Packer Company
·Newly Established Trucking Company Seeking Loan
·Lend to Newly Established Dispatching Company
·Lend to Newly Established Trucking Company
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