Businesses Seeking Loan

The promotor has 5 years of experience in the automobile industry. - Business has sold 3k+ bikes in a span of 5 years. - Authorised bike dealers for Bajaj. - In a week we sell about 15-20 bikes. - The business also has a service center for the vehicles.

Company involved in the processing and export of Cocoa to Northern Africa. - Seeking senior secured lender for a USD 1.5 million short-term commodity trade finance facility for a cocoa processor/trader in Spain. - Each deal amount is approx USD 50,000 - USD 100,000 on shipment of cocoa powder from Spain to 4–5 buyers mainly in Northern Africa (Morocco, Algeria, and Tunisia). - Each deal of 40-80 days is on an uncommitted, transactional basis and continuously recurs. - 60% of the deals are receivable finance of 30–60 days. Buyer non-payment risk is covered with Coface Spain credit insurance. - 10% of the deals are voyage finance of 10–20 days. Financing is from the load port to the destination port. The lender receives payment 2 days before the vessel. Arrives at the destination port. Release of title to cocoa occurs after receipt of payment. - 30% of the deals are voyage finance followed by receivable finance for a financing period of 40–80 days. - Up to 15 deals may overlap but cannot exceed USD 1.5 million in aggregate. - Senior secured lender to provide 85% of each loan. Hommocks will provide 15% of each loan as a junior secured lender. - Hommocks will document the agreements and book/administer the loans. - Interest rate is SOFR + 8%pa. Current SOFR is approx 5.35%pa. Thus, all-in rate is 13.35 %pa (=8.5% + 5.35%) currently. There will be a floor SOFR of 3.5%pa. - The borrower company was founded 11 years ago and is located in Northern Spain. - The borrower company's annual sales are USD 2.5 million, total assets USD 4 million, and equity is USD 0.8 million.

Company focused on manufacturing home furniture and supplying furniture plywood, exotic veneer, and furniture components to wholesalers and manufacturers. - Primarily engaged in serving 12 local clients, with a monthly supply frequency and an average client supply value of FJD 15,000. - With a current manufacturing capacity utilization of 20%, the company has the potential to generate FJD 3.6 million upon full utilization. - The company holds a forestry import license for raw materials, indicating its commitment to sourcing quality raw materials for its products.

Electrical services provider based in Orlando, Florida, - The company specializes in providing comprehensive electrical services for a wide range of clients, including residential and commercial establishments. - Service offerings encompass all aspects of electrical work, catering to the needs of small to mid-sized projects. - With a successful track record of 20 years in the industry, the business has solidified its position as a trusted electrical services provider in the Orlando area. - It serves a loyal customer base of approximately 50+ local clients, with a strong emphasis on commercial establishments while also catering to the residential segment. - The business has established a strong client base with a notable 99% rate of returning customers, showcasing a high level of customer satisfaction and loyalty. - The company's services extend to a diverse range of establishments including bars, restaurants (including specific mentions of Wendy's and IHOP), and even emergency service requirements, highlighting the versatility of their expertise. - There are 4 permanent employees, additional contract employees are hired on service basis. - Business has electrical contractor license.

The most comprehensive training facility for martial arts enthusiasts and body conditioning. We expect over 700 members during the 1st year of operation, and the academy will have world-known coaches and fighters. - We have negotiated for space, received quotations from vendors, and also have negotiated with coaches. - We will offer courses in different kinds of martial arts. - The memberships can be on a monthly, quarterly, or annual basis. The membership duration and fees would differ for each martial art. - The entity will be registered and work will commence on the academy as soon as we receive funding of AED 6.5 million. - The founder is an MMA trainer themselves.