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Petroleum Company Seeking Loan in Miami, USA

Refined oil trading business facilitating supplier–buyer transactions across the US, seeks funding for upcoming orders.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 265 thousand
Run Rate Sales USD 354 thousand
EBITDA Margin 10 - 20 %
Industries Petroleum Product + 1 more
Locations  Miami
Local Time 7:49 AM America / Port of Spain
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 59 thousand for 10.0% annual interest, 1 year (Native Currency: TTD 400,000)
Reason: To cover partial insurance costs required to close an upcoming transaction.
Collateral Available: USD 0
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Registered in Florida, this business specializes in the flipping of refined oil products.
- The company has established strong relationships with 3 U. S. -based suppliers and a solid client base, facilitating smooth transactions.
- Operates with a streamlined business model that does not require physical inventory management or a dedicated office, allowing for remote operations.
- The owner, originally from Trinidad, manages the business remotely without the need for personal stock handling.
- Engages primarily in the commodities market, focusing on the buying and selling of refined oil products, with an average of 2-3 major orders processed each month.
- Revenue is generated through a commission-based model, earning fees from each completed transaction between suppliers and buyers.
- The business maintains strong EBITDA margins due to its remote operations, minimal staffing, and the absence of inventory or logistics handling, resulting in consistently low overhead costs.
- With a small team of three employees, the business effectively oversees operations while logistics and delivery are managed by suppliers.
- The company does not require any industry-specific licenses or certifications, streamlining its entry and operational processes in the refined oil market.
Products & Services Overview
- Refined oil product flipping services, dealing in commodities such as JET A1 fuel, D6, and EN590, which are sourced from U. S. -based suppliers and sold directly to vetted buyers.
- Clients are primarily U. S. -based industrial buyers, fuel distributors, and bulk commodity traders.
Assets Overview
The business doesn't have any physical assets of significant value.
Facilities Overview
The business is operated remotely from a home office and does not require staff. All paperwork is managed internally, while an attorney handles the legal documentation.
Capitalization Overview
The promoter has invested USD 1.1 million (TTD 7.5 million), and 2 external investors have contributed USD 550,000 (TTD 3.7 million). The business currently has three shareholders in total.
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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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