↩ Go Back
Need help?

Personal Loans Company Investment Opportunity in Lagos, Nigeria

Business provides short-term loans secured by Cars, wristwatches, Gold/Diamond Jewelries and Real estate properties.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 500 thousand
Run Rate Sales USD 360 thousand
EBITDA Margin 13 %
Industries Personal Loans
Locations  Lagos
Local Time 2:13 PM Africa / Lagos
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 1.5 million for 30.0% stake (Native Currency: USD 1,500,000)
Reason: Investment funds will be used for lending, business expansion, hiring more marketers, and massive ad... View More
Includes physical assets worth USD 190 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview
Within 3 years of establishment:
- The company has been able to disburse over NGN 500M in loans with Over NGN 200M from investors and Partners.
- Work with Real Estate companies to facilitate loan approvals for landed assets.
- With over 200 regular clientele with prospects of over 500 new clients yearly.
- Revenue model of 15% interest on every loan disbursed.
- The run rate sales this year have dropped due to the economic downturn faced in Nigeria.
- We have the necessary license issued by the Lagos State Government Ministry of Home Affairs to operate the business.
Products & Services Overview
Our loan company provides short-term financing solutions secured by high-value assets. Our accepted collateral includes luxury watches from esteemed brands like Rolex, AP, Patek, and Richard Mille e. t. c, gold and diamond jewelry, cars manufactured between 2010 and 2024 from prestigious brands like Toyota, Mercedes Benz, Land Rovers, and Rolls-Royce, and luxury real estate properties. Our loans have a term of 1-6 months, and we currently serve a select clientele of around 50-60 individuals and businesses.
Assets Overview
One Toyota Camry 2010 (marketing)
1000 Sqm land for parking.
5KVA Petrol Generator.
3- 1.5HP Inverter AC.
7 Executive Chairs.
8 Office Phones.
8 Office Laptops.
Facilities Overview
Our headquarters is located in Lagos, Nigeria. We operate a rented office space.
Capitalization Overview
The business is funded by investors and proprietors.
Investors are paid ROI on a quarterly basis.
The ownership is shared by a 60/40 ratio.
Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
2 Investors already contacted this Business. Register below to connect now!
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.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more