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Fishing Company Seeking Loan in Port Moresby, Papua New Guinea

Fishing and seafood processing business selling it to 5 local dealers now looking to begin exporting.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 26 thousand
Run Rate Sales USD 120 thousand
EBITDA Margin 30 %
Industries Fishing + 1 more
Locations  Port Moresby
Local Time 2:06 PM Pacific / Port Moresby
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 13 thousand for 10.0% annual interest, 2 years (Native Currency: PGK 50,000)
Reason: To begin exporting our produce directly to dealers in other countries.
Collateral Available: USD 26 thousand
Includes physical assets worth USD 80 thousand
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Business Name
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Business Plan
Business Overview

- A fishing and seafood processing business based in Port Moresby, Papua New Guinea.

- We catch and process mud crabs, prawns and fish maw ourselves. We catch an average of 500 kg worth of seafood per day.

- Have a processing unit in Port Moresby, where we package and clean the seafood. It has a maximum capacity of processing 1,000 kg per day.

- The seafood is then sold to 5 local dealers, who further sell it locally and export them to nearby countries.

- Business was started late last year hence we did not generate much revenue for the last financial year.

- Physical assets include processing equipment and fishing equipment.

Products & Services Overview

We do fishing and processing of -mud crabs, fish maw and prawns.

Facilities Overview

Processing facility is rented and is in Port Moresby.

Capitalization Overview
Not Disclosed
Recent Activity
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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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