Timber Tract Operations Business Seeking Loan in Lae, Papua New Guinea

Timber processing and domestic sales business with forest road clearance seeks fund for permit renewal.

Established	10-20 year(s)
Employees	50 - 100
Legal Entity	Sole Proprietorship/Sole Trader
Reported Sales	USD 80 thousand
Run Rate Sales	USD 9 thousand
EBITDA Margin	40 %
Industries	Timber Tract Operations + 1 more
Locations	Lae
Local Time	1:05 AM Pacific / Port Moresby
Listed By	Business Owner / Director
Status	Active

6.5 / 10

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Seeking Loan

USD 40 thousand for 30.0% annual interest, 2 years (Native Currency: PGK 150,000)

Reason: Seed capital to renew the timber permit and restart the business again.

Collateral Available: USD 50 thousand

Includes physical assets worth USD 26 thousand

Name, Phone, Email

Available after connect

Business Name

Available after connect

User Verification

Documents

Legal Document (5.0 MB)

Business Overview

- Business is involved in cutting, processing and selling of sawn timber and operated by an experienced promoter.

- Timbers are processed as per the order to manufacture flooring board and furniture.

- Monthly production and sales volume is 5,000-10,000 m3.

- Have a partnership with other businesses for export trade and domestic sales of timber product.

- Timber permit has been expired but forest clearance for the road is still valid.

- Operations have stopped since the permit has expired.

Products & Services Overview

Processing, cutting, domestic sales and export of sawn timber.

Assets Overview

Motor vehicles, sawmills and related equipment for timber cutting and transportation.

Facilities Overview

Have 5 hectares of forest land leased from the govt on a contract basis. Processing is done in the on-site work area.

Capitalization Overview

Not Disclosed

Recent Activity

Earlier than 15 days
Owner, Building Materials, Noble Park, Individual Investor / Buyer connected with the Business
Earlier than 15 days
Director, Retail Grocery Store, Cork, Individual Investor / Buyer connected with the Business

Tags:

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Timber Tract Operations Business Seeking Loan in Lae, Papua New Guinea

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