Vehicle Rental Company Seeking Loan in Male, Maldives
Vehicle rental company with 3+ clients and 10+ years of promoter experience seeks funds.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 78 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Vehicle Rental |
| Locations | Male |
| Local Time | 11:41 PM Indian / Maldives |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
330 thousand
for
12.0%
annual interest,
3
years
(Native Currency: MVR 5,000,000)
Reason: We want to buy our own vehicles.
Collateral Available: USD 0
Includes physical assets worth
USD
4 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- The company is involved in renting out industrial vehicles and excavators, primarily working with government subsidiaries.
- We hire the vehicles from third parties.
- This year, due to election instability in the government, the government clients did not pay us, leading to a drop in sales.
- The company had five government subsidiaries as clients.
- Promoter has 10+ years of industry experience.
- The company holds necessary licenses, including GST and trade licenses.
- We can finance the loan since we have already secured contracts with three private sector clients, with contracts worth MVR 200k per month.
- We hire the vehicles from third parties.
- This year, due to election instability in the government, the government clients did not pay us, leading to a drop in sales.
- The company had five government subsidiaries as clients.
- Promoter has 10+ years of industry experience.
- The company holds necessary licenses, including GST and trade licenses.
- We can finance the loan since we have already secured contracts with three private sector clients, with contracts worth MVR 200k per month.
Products & Services Overview
Vehicle rental company with govt and private clients in Maldives.Bestsellers are excavators.
Assets Overview
Assets include:Laptops, computer, furniture and printers.
Facilities Overview
Office is located in Hulu Male.Sq ft area of 900.
Rent per month is INR 15k.
Capitalization Overview
Sole owner.Self funded.
No loans or debts.
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