Businesses Seeking Loan in Salem

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Newly Established Contractors Business Seeking Loan in Salem, India

Real estate company, with construction projects in hand, seeking funds to promote housing projects.

- Residential and commercial real estate development company based in Salem intending to take up projects across Tamil Nadu. - Incorporated a year back, the company has a 72 residential buildings project in the pipeline for which it requires funds. - In the final stage of signing the contract with the landowner for this project. - Have successfully completed 5 consultancy projects in the past year where we have worked and provided services such as valuation of the property. - Promoter is a full-time employee in the firm and has over 30 years of experience in project management and design.

INR 1 Cr at 12% interest

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Hardware Store Seeking Loan in Salem, India

Tiles and sanitaryware retail outlet in Salem with leading brands and good clients.

- Tiles and sanitaryware business running for more than 15 years. - We sell different types of tiles, floorings, sanitaryware and pipe fittings. - We have one own showroom cum warehouse in Salem. - Our clients are leading architects, contractors and builders. Apart from these clients, we receive a daily walk-in of 10-20 customers in total. - We have a good reputation in the market for our prompt service. - Products are purchased directly from mining manufacturing companies. - Have a good relationship with our clients. - Business owns the land, building and product inventory.

Tiles and sanitaryware retail outlet in Salem with leading brands and good clients.

INR 2.5 Cr at 10% interest

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Paper Packaging Business Seeking Loan in Salem, India

Manufacturer of eco-friendly paper covers and shopping bags requires funds for expansion.

- We are into manufacturing of eco friendly paper bags. - Company also manufactures and sells eco friendly paper bags to clients in Tamil Nadu as well as Bangalore. - Have contracts for around 8 Lakh units of shopping bags per month for clients in Tamil Nadu. - Also make 40-50 tonnes of paper covers per month that is sold to clients in Bangalore. - Company's physical assets include owned factory as well as machinery and equipment used in manufacturing.

Manufacturer of eco-friendly paper covers and shopping bags requires funds for expansion.

INR 50 L at 10% interest

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Specialty Chemicals Business Seeking Loan in Salem, India

Distributor of a German brand specialty chemicals for textile regularly servicing more than 100 clients.

- Our company is a distributor of speciality chemicals of a popular German brand. - Our clients are textile companies based in Tamil Nadu. - We have over 100 regular clients. - Have twice received award for highest growth. - Promoters have over 25 years of industry experience.

INR 2 Cr at 10% interest

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Car Wash Seeking Loan in Salem, India

Newly established company providing complete car care solutions seeks funding to set up workshops.

- May 2018 established company providing complete car care services. - Before this we were a sole proprietorship firm and were operating a workshop on an area of 1,200 Sq Ft. - Have now formed a private limited company. - We have a land area of 40,000 Sq Ft and we are planning to open multiple workshops each measuring 1,500 Sq Ft. - For publicity of our company we are distributing flyers, attending events, putting up advertisements on local newspaper along with social media and digital marketing. - Promoter has an experience of 5 years in this industry.

INR 25 L at 12% interest

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Agriculture Wholesale Company Seeking Loan in Salem, India

Distributor of fruits and agro products having 6 vendor tie ups.

- Distributor of fruits and agro products like Apple, Orange, Potato. - Have tie ups with 6 vendors and 3 clients. - Importing from Iran, China and we want to export the products to Sri Lanka. - We have an order size worth of INR 25 Lakhs in hand. - The export license has permanent validity. - Owner has 3 years of industry experience.

INR 9 L at 24% interest

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Ecommerce Website Seeking Loan in Salem, India

E-commerce website for sarees wants funds to start activities.

- E-commerce website for sale of sarees. - Operations have not yet begun.

INR 15 L at 10% interest

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Newly Established Industrial Design Business Seeking Loan in Tamil Nadu, India

Firm offering 3D scanning, CAD modeling, and quality inspection services to 50+ MNC industrial customers.

- Offer 3D scanning, 2D drawing, CAD modeling, and quality inspection services to support the R&D activities of engineering companies. - Complete around over 60 projects per year. - The average project duration is 15 - 20 days. - Primarily cater to large MNC industrial clients. - Have over 50 regular clientele who repeatedly award projects to us. - Most of our clients are from the automotive and aerospace sector and they are concentrated in Hosur, Bangalore, and Chennai. - Our clients include Ford Motors, TVS Motors, Tata Motors, Mahindra & Mahindra, and Ashok Leyland. - Due to the COVID pandemic and general slowdown in the economy, most of our clients have halted production and scaled down R&D spending which has impacted our revenue significantly.

6.5 Tamil Nadu , Salem

INR 30 L at 10% interest

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Solar Projects Company Seeking Loan in Tamil Nadu, India

Company designing and developing solar power plant projects seeks loan for projects in hand.

- Business started 8 years ago and was registered as a private limited company 3 years ago. - Company has 1 store room 3 offices in different parts of Tamil Nadu. - We design, develop, install, repair and maintain solar projects, solar water pumps for residential and commercial purpose. - Have 10 product suppliers for different types of solar products. - Completed over 100 small to big projects till date including commercial and residential projects. - Promoter has 10 years of experience in this industry. - Business owns a website, product inventory, 3 vehicles, equipment and tools.

Company designing and developing solar power plant projects seeks loan for projects in hand.

7.5 Tamil Nadu , Salem

INR 2.5 Cr at 12% interest

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Residential Real Estate Construction Company Seeking Loan in Madurai, India

Chennai residential real estate developers searching for a loan to complete a project in Madurai.

- Residential real estate project in the heart of Madurai. - One building with 16 units out of which 8 units have been sold. - 50%-60% has been completed and investment is required to complete the project. - More than 25 years experience in this field.

Chennai residential real estate developers searching for a loan to complete a project in Madurai.

7.5 Tamil Nadu , Salem

INR 2 Cr at 17% interest

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How many businesses seeking loan in Salem are listed on SMERGERS?

There are 10 active and verified businesses seeking loan in Salem listed on SMERGERS as of 31 October 2020.
What level of due diligence does SMERGERS conduct on the businesses/member?

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