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Businesses Seeking Loan in Meerut

Showing 1 - 6 of 6 Businesses Seeking Loan in Meerut. Lend to a Business in Meerut.

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Microfinance Company Seeking Loan in India

Microfinancing business lending to 80,000+ women entrepreneurs in the low-income group across India.
- Microfinancing company promoted by a group of accomplished individuals with nearly 120 years of cumulative experience in running financial services. - Lends to women entrepreneurs in the low-income category. These women are typically equipped with skills to take up sustainable micro-businesses, and access to timely funds is transforming lives. - Have 80,000+ cumulative loan members (all women) with a 99 % on-time repayment rate. (Due to Covid the current collection rate is around 85% + and is expected to reach 99% by the end of the year. ) - Has distributed INR 2,000 million+ (cumulative loans) and current outstanding portfolio of INR 500 million. - Has a model that enables a group of individuals (usually five) to take loans for income-generating activity by forming a group, wherein group members guarantee each other's loans. - Has own ERP system which gives adequate MIS data for - Capital Adequacy Ratio (CAR), Liquidity Risk Management, Interest Rate Coverage, Debt Equity Ratio and Reports relating to day-to-day activities of branches. - Approach post disbursement: Program monitoring and supervision: If required, providing the additional top-up loans. Women entrepreneurs are covered by microinsurance. - Loans ranging from INR 20,000 (USD 300) to INR 60,000 (USD 900) with up to 24 months repayment duration and monthly EMI and 22% rate of interest. - Have a license from RBI for micro-financing.
8.1   India
Run Rate Sales
USD 1.4 million
EBITDA Margin
7 %
Business Loan
USD 600 K at 12%
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Glass Business Seeking Loan in Uttar Pradesh, India

Company that offers a variety of glass, sources the products from 5 factories, seeks loan.
- Our business is engaged in the trading of glass in Uttar Pradesh. - We offer a large range of glasses, such as clear glass, mirrors, reflective glass, and safety glass. - Source the glass from the factories directly, we have tie-ups with 2 factories in Roorkee, 1 in Mumbai, 1 in Chennai and 1 in Rajasthan. - We are supplying to 300 distributors and retailers in Uttar Pradesh. - The promoter has 10 years of experience in the glass industry.
6.9   Uttar Pradesh
Run Rate Sales
USD 1.1 million
EBITDA Margin
5 %
Business Loan
USD 120 K at 12%
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Renewable Fuels Company Seeking Loan in Uttar Pradesh, India

Funds for new renewable fuel (Ethanol) project & modernising existing sugar plant in Uttar Pradesh.
- We are looking for funds to revive, modernize the current facility and set up an ethanol distillery unit. - All the licences are in place. - The technical teams and suppliers have already been identified. - Our assets include land, building, machinery, license.
6.6   Uttar Pradesh
Run Rate Sales
Nil
EBITDA Margin
Nil
Business Loan
USD 30 Mn at 6%
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Medical Supplies Company Seeking Loan in Meerut, India

Company with necessary regulatory approvals seeks funds to purchase machinery for its syringe manufacturing unit.
New start-up company established for the production of disposable syringes. We have approvals from government institutions for the production and export of our products also. The company only has the land and the unit still has to be established. We are seeking funds to purchase production machinery. The business will make money by selling the products to private and government hospitals across India, and by exporting the products.
Company with necessary regulatory approvals seeks funds to purchase machinery for its syringe manufacturing unit.
6.3   Meerut
Run Rate Sales
Nil
EBITDA Margin
Nil
Business Loan
USD 380 K at 10%
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Education Support Company Seeking Loan in Uttar Pradesh, India

Provides quality education in rural areas of North India region with 60+ reputed schools registered.
- 60+ schools has been registered under our organisation. - Classrooms are connected to internet services for virtual teaching. - We support middle level school and also adopt schools by providing quality education. - Qualified & Expert Teachers will visit schools as guest lecturer. - Growth rate - 30% yearly.
6.3   Uttar Pradesh
Run Rate Sales
USD 70 thousand
EBITDA Margin
20 - 30 %
Business Loan
USD 60 K at 24%
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Food Cart Seeking Loan in Meerut, India

Food court kiosk serving ready to eat snacks, located in a mall.
- It is a food court kiosk serving ready to eat snacks and small bites. - It is a self service counter. - Located in a food court of a mall. - Seating service is provided by the mall. - The daily footfall of the mall is in excess of 5,000 people. - We service close to 100 daily orders. - Generate leads through pamphlets, paper ads, banners.
5.6   Meerut
Run Rate Sales
USD 43 thousand
EBITDA Margin
Operating at loss
Business Loan
USD 50 K at 12%
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    There are 6 active and verified businesses seeking loan in Meerut listed on SMERGERS as of 29 March 2024.
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