Trader of industrial machinery components with 20+ clients and 20 vendors is seeking a loan.
- We are involved in the trading of hydraulic, industrial and flowline products.
- The business has 20 - 25 regular clients out of which we are the registered official vendor for 12 - 14 clients. Our clients are primarily based in Oman, Qatar and UAE.
- The business has 20 suppliers. Price is marked-up by 15% - 20% when procurement is undertaken from an intermediary and 35 - 40% when products are directly purchased from the source.
- Hired 2 employees on a full-time basis. One is involved in online sales, marketing and back-end processing activities. The other employee is responsible for customer relations.
- Promoter is an engineer and an MBA with sales & marketing experience of over 22 years in India/GCC with around 12 years of experience in providing in oil and gas supply & services to B2B & B2C clients across GCC.
- The business was actually established two months ago. The promoter was running a similar business with another partner. Once the old business was dissolved, all the clients from the previous business were transferred to the current business.
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