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Newly Established Vehicle Rental Business Seeking Loan in Port Moresby, Papua New Guinea

Business with 2 vehicles renting to corporate clients for transport and logistics services seeks funding.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales USD 38 thousand
EBITDA Margin 25 %
Industries Vehicle Rental
Locations  Port Moresby
Local Time 9:00 AM Pacific / Port Moresby
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 40 thousand for 9.0% annual interest, 2 years (Native Currency: PGK 150,000)
Reason: To expand the fleet by purchasing more vehicles. Business require limited loan only to purchase new... View More
Collateral Available: USD 53 thousand
Includes physical assets worth USD 66 thousand
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Business Name
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Business Overview

1. The business provides transport and logistics services and rental services in Port Moresby, Papua New Guinea.

2. Company has 4 employees and has just started operations and requires additional capital to expand its reach to other parts of the country.

3. The company offers transport services, and vehicles for hire for logistic services, and payments are directed to the company’s account.

4. All vehicles are loaned to corporate clients for various logistic services.

5. Business seeks funding to grow and expand its operations to other parts of Papua New Guinea.

6. We have 2 vehicles for now and they are rented to 2 corporate clients.

Products & Services Overview

Transport services.

Vehicle for hire for logistic services.

Payments are directed to the company's account.

Assets Overview

Office space as per operational requirements along with two land cruisers.

Facilities Overview

Currently there are two Toyota Land Cruisers fully kitted for business operations.

Business is being operated from a promoter owned facility.

Capitalization Overview

Solely funded by the only owner.

Accounts opened with the bank and further funding will be through small and medium enterprise loan (SME).

No loans at the moment.

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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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