Seafood Processing Business Seeking Loan in Lorengau, Papua New Guinea
Distributor of fresh produce and seafood with established customer base & 90 suppliers seeks loan.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 28.5 thousand |
| Run Rate Sales | USD 34 thousand |
| EBITDA Margin | 40 % |
| Industries | Agriculture Wholesale + 1 more |
| Locations | Lorengau |
| Local Time | 4:06 PM Pacific / Port Moresby |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
23.7 thousand
for
15.0%
annual interest,
5
years
(Native Currency: PGK 100,000)
Reason: - Acquire a new vehicle to enhance logistics operations.
- Invest in upgrading storage facilities f...
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Collateral Available: USD 1.42 thousand
Includes physical assets worth
USD
35.6 thousand
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Business Overview
- Operating a fresh produce and seafood distribution business in Lorengau, Papua New Guinea.
- Start-up business with strong relationships established with local farmers, fishermen, businesses, and government organizations.
- Focus on promoting organic and fresh distribution services for the community.
- Promoters bring 7 years of valuable experience to the venture.
- Extensive network of 90 suppliers supporting the business operations.
- Diverse client base, including prominent establishments:
1. Harbourside Hotel, Lorengau.
2. Hornibrook NGI, Lombrum Naval Based Redevelopment Project.
3. Lorengau Provincial Hospital.
4. Seeadla Bay Hotel, Lorengau, Manus Province.
- Achieving a 50-50 revenue split between seafood and vegetable businesses.
- Possession of essential regulatory licenses, including Intellectual Property (IP) and Inland Revenue Commission (IRC).
- We currently have enough revenue to finance the operations and the loan.
- Start-up business with strong relationships established with local farmers, fishermen, businesses, and government organizations.
- Focus on promoting organic and fresh distribution services for the community.
- Promoters bring 7 years of valuable experience to the venture.
- Extensive network of 90 suppliers supporting the business operations.
- Diverse client base, including prominent establishments:
1. Harbourside Hotel, Lorengau.
2. Hornibrook NGI, Lombrum Naval Based Redevelopment Project.
3. Lorengau Provincial Hospital.
4. Seeadla Bay Hotel, Lorengau, Manus Province.
- Achieving a 50-50 revenue split between seafood and vegetable businesses.
- Possession of essential regulatory licenses, including Intellectual Property (IP) and Inland Revenue Commission (IRC).
- We currently have enough revenue to finance the operations and the loan.
Products & Services Overview
- Distributor of fresh produce and seafood.- Specializes in supplying to hotels, hospitals, and schools.
Assets Overview
1. Solar freezer x 2.2. Laptop x 1.
The assets are illiquid, hence we need funds for expansion.
Facilities Overview
- Operating on a 90m x 90m landmass.- Semi-permanent building covering 9m x 6m.
- Family-owned land along Momote - Lorengau National Road.
- Located in Naringel Village, Los Negros LLG.
- Land is customarily owned by the family.
Capitalization Overview
- Sole proprietorship with a single owner holding 100% ownership.- No debts or loans associated with the business.
Recent Activity
-
Earlier than 15 daysCEO, Agriculture, Málaga, Individual Investor / Buyer connected with the Business
Tags:
Newly Established Agriculture Wholesale Business Seeking Loan in Lorengau, Papua New Guinea
·Newly Established Seafood Processing Business Seeking Loan in Lorengau, Papua New Guinea
·Newly Established Agriculture Export Business Seeking Loan in Lorengau, Papua New Guinea
·Lend to Newly Established Agriculture Wholesale Business in Lorengau, Papua New Guinea
·Newly Established Agri Wholesale Business Seeking Loan in Lorengau, Papua New Guinea
·Lend to Newly Established Seafood Processing Business in Lorengau, Papua New Guinea
·Lend to Newly Established Agriculture Export Business in Lorengau, Papua New Guinea
·Newly Established Agri Export Business Seeking Loan in Lorengau, Papua New Guinea
·Lend to Newly Established Agri Wholesale Business in Lorengau, Papua New Guinea
·Lend to Newly Established Agri Export Business in Lorengau, Papua New Guinea
·Newly Established Agriculture Wholesale Business Seeking Loan
·Newly Established Seafood Processing Business Seeking Loan
·Newly Established Agriculture Export Business Seeking Loan
·Lend to Newly Established Agriculture Wholesale Business
·Newly Established Agri Wholesale Business Seeking Loan
·Lend to Newly Established Seafood Processing Business
·Lend to Newly Established Agriculture Export Business
·Newly Established Agri Export Business Seeking Loan
·Lend to Newly Established Agri Wholesale Business
·Lend to Newly Established Agri Export Business
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