Stock Broking Company Seeking Loan in Chennai, India

Chennai based firm looking to setup online Forex Brokerage and Trading platform.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 25 thousand
EBITDA Margin
3 %
Industries
Locations
Local Time
2:49 PM Chennai
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 28 thousand for 12.0% annual interest, 15.0 years (Native Currency: INR 2,000,000)
Reason: For working capital of business.
Collateral Available: USD 0
Includes physical assets worth USD 140
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- This firm was started to setup an online Forex Brokerage and Trading company.

- We are able to consistently generate returns of 2% per month from Forex trading. This has prompted us to take our trading to the next level by setting up our own Forex brokerage.

- We have an experience of 2 years in the Forex trading and have been managing funds on behalf of 4 clients while providing them consistent returns of 1% per month.

- Half of the investment required for starting the brokerage will be contributed by the promoter.

- We need a loan / investment because we are currently trading our clients funds for their monthly returns and using them for our company expansion might jeopardize our ability to pay our clients their monthly returns on time.

Products & Services Overview

Forex trading.

Facilities Overview
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
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 can I be sure that the business profile will be active?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more