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Industrial Machinery Wholesale Businesses Seeking Loan in Dubai

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Newly Established Industrial Machinery Wholesale Company Seeking Loan in Dubai, United Arab Emirates

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.
Trader of industrial machinery components with 20+ clients and 20 vendors is seeking a loan.
7.2   Dubai
Run Rate Sales
USD 500 thousand
EBITDA Margin
10 - 20 %
Business Loan
USD 140 K at 8%
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