Medical Supplies Businesses Seeking Loan

Chain of retail stores specializing in the sales of medical supplies and some pharmaceutical medicines. Over 85-90% of business revenue is generated by the sales of medical equipment. - Have a chain of 12 stores located throughout Manila. We stock over 3,500 SKUs at our stores. The retail outlets are taken on rent. - Sales had slightly dipped during the onset of the pandemic. However, sales have been increasing continuously (2% month-on-month) and is expected to return to normal very soon. We forecast an annual sales growth of 20% in the future. - The gross margin on business sales is around 40%. We serve over 10,000 clients monthly. Over 60% of business sales is generated by sales to end-users (B2C) while 40% revenue comes from sales to other businesses/institutions (B2B). To that extent, we have around 10-20 annual contracts. - We have over 200 suppliers including some internationals suppliers from whom we procure our products. - Since we are extremely well-established in the market, we primarily rely on word-of-mouth promotion and referrals. - We also plan to launch an e-commerce website by the end of this year to generate online sales. The website is live and fully updated. However, we are yet to market the platform to end users. - Promoter has over 12 years of experience in this particular industry.

Our company has developed an acupressure chair to help patients revive from health problems through innovative pressure points integrated in the chair. Our technology is patented and we have provided services to more than 70 patients till date. Have developed this chair with 3 years of extensive R&D. Our business model is to provide consulting service and then sell the chair to each patient. Since we are a startup, we have only provided acupressure service till date and have not yet sold a chair. However, we have received booking for 25 chairs (yet to be sold). We will outsource the manufacturing process to a manufacturer. Seeking funds to promote our brand and give orders to the 3rd party manufacturer to produce chairs. Founder of the company is a therapist by profession and holds 15+ years of experience. Business owned assets include laptop and office equipment.