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Vehicle Rental Business Seeking Loan in Mangalore, India

Vehicle rental company established in Mangalore seeks a business loan.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 22 thousand
Run Rate Sales USD 32 thousand
EBITDA Margin 10 %
Industries Vehicle Rental
Locations  Mangalore
Local Time 5:10 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 30 thousand for 10.0% annual interest, 5 years (Native Currency: INR 2,500,000)
Reason: We are seeking a loan for working capital expenses and repaying previous loans.
Collateral Available: USD 0
Includes physical assets worth USD 12 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- We are a taxi service company.

- Pre-Covid we used to get 7-8 orders on a daily basis. Currently, we get 3-4 orders which are expected to increase as the economy re-opens.

- We have 3 vehicles that are owned by the business and also have tie-ups with 4 third-party vendors.

- The company has only one promoter.

- Business has taken a loan previously during Covid and the outstanding amount is INR 15 lakhs.

- We also have our own website and have a good client base from where we get repeated bookings.

Products & Services Overview

We are a taxi and car rental company.

Assets Overview

Physical assets include 3 vehicles which are owned by the company.

Facilities Overview

Currently the business is being operated from home.

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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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