Businesses Seeking Loan in Nellore

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Newly Established IT Services Business Seeking Loan in Nellore, India

Newly startup incubator business building a portfolio for banking domain applications seeks funds for marketing.
- We are a startup incubator business that mentors college graduates. - We train and mentor college graduates on real-world applications of web technology and programming languages in the banking domain. - Our goal is to build a portfolio of projects through which we can start providing consulting and development solutions to banks and other business clients. - Have trained 4 graduates this year and our target is to complete training for 20 graduates. - We are currently in the pre-revenue phase and are in the process of building our portfolio and applications. - Also have plans for an HTD model (Hire, Train, and Deploy) in the future. - Have ISO 9001:2015 certification by otabu. - Promoter has over 13 years of experience as a software architect and consultant in the banking domain.
6.9   Nellore
Run Rate Sales
Nil
EBITDA Margin
Nil
Business Loan
INR 1 L at 12% interest
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Import / Export Business Seeking Loan in Nellore, India

Aquaculture produce trading business, purchasing from 20 agents and selling it to 15 exporters.
- Aquaculture produce trading company that focuses on shrimp based in Nellore inviting lenders for an business loan without property collateral. - Shrimp are purchased from 20 agents in Andhra Pradesh, Chennai and Orissa. We sell the shrimp to exporters and currently sell to 15 such companies. - The firm is asset light and does not maintain any storage. The shrimps are purchased, packaged and transported on the same day removing the need for storage. - Revenue has increased this year as we took a loan which helped us purchase larger quantities and sell more. - Promoters of the firm have significant background in the shrimping industry with experience in operating hatcheries on a lease basis as well as family businesses in the industry.
5.9   Nellore
Run Rate Sales
INR 145.7 crore
EBITDA Margin
2 %
Business Loan
INR 10 Cr at 13% interest
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Glass Company Seeking Loan in Andhra Pradesh, India

Second largest glass (windowpanes) manufacturing company in India in terms of production capacity.
- Company is the second largest glass (windowpanes) manufacturer in India with daily production capacity of 90 MT. - This company is the only windowpanes manufacturer in India for the extreme southern region. - Company is in NPA state for the last 2 years due to bank issue. They were not able to raise fresh loans to buy new machinery and as a result, the factory was halted. - While operational, the company used to generate a yearly revenue of approx INR 150 crore with over 30% EBITDA margin. - Company has a total of 2,700 showrooms as clients which include 75 large showrooms. The company has 5 standing work orders from existing clients. - Founders have 20+ years of experience in this industry and they also run other businesses from different sector.
Second largest glass (windowpanes) manufacturing company in India in terms of production capacity.
8.5   Andhra Pradesh , Nellore
Run Rate Sales
Nil
EBITDA Margin
Nil
Business Loan
INR 40 Cr at 12% interest
Contact Business

Enterprise Software Company Seeking Loan in Andhra Pradesh, India

ERP business that has tied up with 400 educational institutions and served 1,000+ clients is seeking a loan.
- Offer ERP solutions, aids in the development of applications and offers consultation to businesses. More than 90% of the business' revenue comes from providing ERP solutions, specifically, to the education sector. - We have currently tied up with over 300 - 400 schools and colleges in 6 states across south India. Some institutions that we have tied up with include Achariya College of Engineering Technology in Pondicherry, Tapasya Education Institutions, Ramadevi Public School in Hyderabad and many more. - The business enters into long term agreements with their clients and their clients provide recurring yearly payments. - We have served over 1,000+ educational institutions till date. - Our ERP solutions are priced on the basis of the number of users and modules. On average, the prices range from INR 150 to INR 250 per student. - The value of the physical assets involved in the transaction includes the owned premises, internal furnishings, computer systems, servers. - Promoter is willing to offer his personal property as a collateral for the loan. The value of this property is around INR 70,00,000. - Business has an outstanding debt of INR 30,00,000 to INR 40,00,000 with an interest rate of 14% to 15%. The new loan won't be used as a top up.
8.3   Andhra Pradesh , Nellore
Run Rate Sales
INR 60 lakh
EBITDA Margin
35 %
Business Loan
INR 50 L at 13% interest
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IT Services Company Seeking Loan in Andhra Pradesh, India

Company aims to provide IT consulting, development and training services.
- August 2018 established company based in Andhra Pradesh. - Company will provide IT consulting, development and training services. - We have a team of 3 who will provide training services to job seekers and students. - Promoter has 3 years of industry experience.
6.3   Andhra Pradesh , Nellore
Run Rate Sales
Nil
EBITDA Margin
Nil
Business Loan
INR 5 L at 10% interest
Contact Business

Agriculture Support Business Seeking Loan in Andhra Pradesh, India

Business connecting farmers with wholesalers through a website is searching for a loan.
- Business will connect farmers with wholesalers. - Sales of the produce will happen online.
6.2   Andhra Pradesh , Nellore
Run Rate Sales
Nil
EBITDA Margin
Nil
Business Loan
INR 20 L at 16% interest
Contact Business

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    There are 6 active and verified businesses seeking loan in Nellore listed on SMERGERS as of 22 October 2020.
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