Synthetic Fabrics Businesses Seeking Loan

The business operates in the synthetic fabrics industry, specifically producing polyester-based cloth predominantly used in sarees and garments. Surat, known as the textile hub of India, provides a strategic location for the business. - The business started its operations in June this year. - With a small team of 8 employees, the business has demonstrated its ability to efficiently manufacture a variety of grey fabrics, which are then supplied to factories for dyeing and subsequent production. - The production capacity of the business is substantial, with over 6,000 meters of cloth manufactured on a daily basis. This speaks to the scalability of the business and its potential for growth. - The business currently has 5 ongoing contracts with a remarkable 100% repeat rate, indicating a strong and loyal customer base. This not only provides a stable revenue stream but also showcases the quality and reliability of the products. - The billing cycle for the business ranges from 30 to 40 days, providing a reasonable cash flow timeline for investors to consider. - Business is in the process of obtaining GST registration and is expected to receive it by the end of the current month.

Company sells shoe fabric to 15-20 manufacturers based in Delhi NCR. We outsource the manufacturing process to 2-3 batch work manufactures. Director of the company has 9 years of industry experience. Planning to setup own manufacturing unit in Bhimtal, Uttarakhand. Have taken a land of 1,240 sq mt on 90 years lease term from the Government. Post investment, 80% of the funds will be used for importing high end machines from China and rest funds to setup the infrastructure, acquiring NOC certificate.