Businesses Seeking Loan

Nidhi company operating in Obra. - We offer savings and loan products. - Have 900+ depositors who have savings accounts with us. - We currently sign up 30 new accounts every month. - Offer 6% interest for saving accounts and 9 - 12.5% for recurring deposit and fixed deposit accounts. - We have over INR 1 crore of deposits in our accounts which is undeployed. - We primarily offer secured loans of small ticket sizes at an annual interest rate of 15.95% to individuals. - Offer loans up to 3 times of the deposit amount to businesses at an annual interest rate of 16.6% - Offer short-term working capital loans at an interest rate of 20% - The current loan book is valued at INR 1.63 crores and consists of more than 830 loans. - The loan recovery rate is 80 to 85% and has been impacted by the pandemic. - We have more than 30 freelance sales executives who sell our financial products and are compensated with commissions. - We also have several clients in the Sonbhadra district of Uttar Pradesh. - The business is debt free and is run by a promoter with 10+ years of lending experience.

Company specializes in renovation, repairs, roofing, and storm damages. - We have been in the building industry for about 38 years and we take pride in our work. - We work on both commercial & residential projects. - From inception, we have been awarded many contracts because of the quality of our work. - Our growth rate has been up and down because of the economic impact. - We offer our customers the best supplies / materials and our goal is to have the best customer service. - Company is veteran-owned, and we give 10% discount to all senior citizens & veterans.

A company providing services and products to companies in the telecommunication industry. - We provide various kinds of cables, components, connectors and measuring instruments. - For some products we purchase the parts separately and then assemble them in Bangalore. For other products, we buy the finished product directly from the manufacturers. - We have 10 manufacturers and vendors from whom we purchase from. - Currently the business has 3 companies in the telecommunication industry who are our clients.

We are engaged in manufacture and distribution of components that are used in manufacturing of MCB and other electrical products. - Reputed for quality and durable products. - We specialize in providing customized products specific to our customers’ requirements. - Our major customers are Anchor, Axiom, Bentec etc. Who use our components in the manufacture of MCBs. - We would like to into the manufacture of MCB’s and LED lights in about 2 years down the line. - We already manufacture the components so it would be easier for us to get into manufacturing. - There is also a huge market for MCB’s and LED lights.