Warehousing Company Seeking Loan in Singapore

- Warehousing for commodity manufacturers, international relocation companies and international retail brands.
- Container trucking for exporters, residential trucking and transfer of stock between warehouses and/or from manufacturing plant to warehouse.
- Local distribution to retail outlets/distributors and last-mile delivery for international relocation and international furniture companies.
- Sea freight forwarding of FCL and LCL shipments worldwide handling mainly personal effects. As an asset-light company, our tangible assets include:
- A 5 year old crown reach truck.
- A 10 year old 24ft truck.
- 10,00 pallet racking.
- Office furniture and laptops.
Our intangible assets include:
- Good reputation and recognition in the industry.
- Strong network of customer and vendor pool.
- A strategically located warehouse building secured at very low rates for the next 10 years.
- A well-performing website that generates approximately 5 solid service enquiries per month without paid SEO.
- A well-trained and stable operations workforce with above 95 percent KPI for all projects.
- A backend office in Johor (SEZ area) where our finance and customer service (work in progress) team is employed.
- Exclusive long-term contracts with growing brands that contribute to 90% of the revenue.
- A strong growth record with multiple accolades, awards and mainstream media publications.
- A logistics vendor for the government (current vendor for the elections project) with growing long-term opportunities with them.
- Key fields ERP system linking all operations. - A 150k sq ft facility in Tuas South is dedicated to an industrial lubricant manufacturer. The space is leased by the customer due to heavy capex requirements but is fully operated by the company.
- A 5-story warehouse building with a large self-contained compound and 200K sq ft of usable warehousing space has been newly leased by the company in two phases (60K sq ft in April and 140K sq ft in October of this year) from REITs on a 5 + 5-year lease, which is 40% below the market rate, with pre-determined renewal rates. - The business is currently funded through a combination of bank and private sector loans.
- Approximately SGD 800K has been secured as long-term, low-interest loans from various banks.
- An additional SGD 300K in short-term, high-interest private loans was raised to fund urgent projects and secure the newly leased warehouse. These private loans are expected to be fully repaid by the third quarter of this year.
- The company is jointly owned by two family members, with an ownership split of 51% and 49%.