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

New startup offering long-term vehicle rentals to corporate and individual clients, seeking investment for expansion.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 59 thousand
EBITDA Margin 10 %
Industries Vehicle Rental
Locations  Port Moresby
Local Time 11:03 AM Pacific / Port Moresby
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 74 thousand for 6.0% annual interest, 3 years (Native Currency: PGK 300,000)
Reason: Seeking funding to expand services within NCD. Currently looking to buy a Toyota Land Cruiser to mee... View More
Collateral Available: USD 0
Includes physical assets worth USD 160 thousand
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Business Name
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Business Overview
- A promising startup in the vehicle rental industry, strategically located in Port Moresby.
- Offers long-term vehicle hire and lease services appealing to both corporate clients and individual business owners.
- Currently serving 5 corporate clients, alongside a growing base of individual clients.
- Clients are charged on a monthly basis, promoting consistent cash flow.
- Positioned for expansion in a market with increasing demand for flexible vehicle rental solutions.
- The business is also registered for real estate rental activities but has not started yet, although there are a few owned.
Products & Services Overview
The business offers long-term vehicle hire and leasing services.
Catering primarily to corporate clients and individual business owners in Port Moresby.
Corporate clients use these services to meet their transportation needs for extended periods, while individual business owners benefit from flexible vehicle solutions without the burden of ownership.
Assets Overview
Physical assets include:
- Own vehicles fleet - PGK 150k.
- Own facility and vacant land for expansion - PGK 500k.
Facilities Overview
Currently operating from own facility in Walala Finance Compound.
Capitalization Overview
Self-funded.
No outstanding loans.
There is 1 owner in the business.
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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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