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School Seeking Loan in Lormi, India

Locally well-known school in Mungeli district seeks a loan to expand infrastructure and increase enrolment.

Established 30-40 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 4 - 5 thousand
Run Rate Sales USD 7 thousand
EBITDA Margin 10 - 20 %
Industries Schools
Locations  Lormi
Local Time 11:18 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 17.5 thousand for 8.0% annual interest, 8 years (Native Currency: INR 1,500,000)
Reason: We require at least INR 15 lakh to: 1. Fund the school renovation. 2. Expand and construct 10 more... View More
Collateral Available: USD 0
Includes physical assets worth USD 8.2 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- School for teaching students from classes I to X.
- Each batch has 22-25 students and the total enrolment is 225 students.
- We teach the Chattisgarh Board syllabus.
- The school has 5 rooms and conducts classes in morning and evening batches.
- Fees are collected monthly, quarterly, or at the end of the year.
- Our school is famous in the district and students from 8-10 surrounding villages come to study here as well.
- There is only one owner of the land and building.
- We do not have any prior loans.
- The transaction is being handled by an individual related to the school principal.
Products & Services Overview
We teach the Chattisgarh Board syllabus to students of classes I to X.
Assets Overview
The school is built on a land plot of 27 bismils, valued at INR 1 lakh/bismil.
The school building and classroom furniture are roughly valued at around INR 7 lakh.
The land is worth INR 27 lakh and is owned by a trust after whom the school is named.
Facilities Overview
The school is located on 27 bismils of land, the school building consists of 5 rooms and 1 assembly hall.
Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    Founder, Mumbai, Financial Consultant connected with 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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