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Oil Services Company Seeking Loan in Biloxi, United States

Startup company will provide support activities for oil and gas operations is seeking investment for business expansion.
This transaction has concluded.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Oil Services
Locations  Biloxi
Local Time 1:47 AM America / Chicago
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 200 thousand for 10.0% annual interest, 5 years (Native Currency: USD 200,000)
Reason: To upgrade our infrastructure, services, hire people, and add life to the business.
Collateral Available: USD 150 thousand
Includes physical assets worth USD 100 thousand
Interested to connect with advisors
Documents
Business Overview

- Pre revenue phase company that was established 2 years ago. We are mainly into oil and gas operations and services.

- We have three staff at the moment and seeking funds to develop our business and services.

- We provide support activities such as floating roof stabilization and cribbing tower installation.

- At the moment, we do not have any clients as we are seriously concerned with upgrades of our infrastructure and other services.

- Our assets include land, building, equipment, license and office equipment.

- Promoter has more than 8 years of industry experience.

Products & Services Overview

- The basic service include floating roof stabilization and cribbing tower installation. Raising sunken and damaged floating roofs in above ground storage tanks.

- Have old wood cribbing stacks that will get knocked over during roof rotation and collapse and will only hold approximately 14,000 pounds. The new cribbing towers that will hold 50,000 pounds with a 2-1 safety factor will not get knocked over during roof rotation and collapse.

Facilities Overview

Our office area is about 16,300 sq ft and owned by the business.

Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    Director, Birmingham, Investment Bank connected with the Business
  • Earlier than 15 days
    Managing Director, Hialeah Gardens, Business Broker connected with the Business
  • Earlier than 15 days
    Business Consultant, Cape Town, Business Broker connected with the Business
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This transaction has concluded. View similar business opportunities on SMERGERS
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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