Agriculture Wholesale Company Seeking Loan in Davao City, Philippines

We are currently engaged in dressed chicken distribution, retail, and wholesale business. We engage, venture, transact, contract, or undertake the business of poultry trading between poultry farm owners and/or suppliers and poultry distributors, retailers, and/or consumers. The business was officially registered in 2003. For expansion purposes, the business director applied for a corporation which has been approved 3 years ago. We have 20 distributors in different areas around Mindanao, Philippines.

We own a gasoline station since 2016 and had a franchised with Seaoil Philippines for over 5 years contract and it was dissolved 2 years ago as we appointed Petrofil to operate our gasoline station and pay us a rental fee of 150,000 pesos a month for 2 years and succeeding years will increase to 200,000 pesos monthly rental.

As of now, our main operation is poultry trading. The business has 20 permanent employees and hires contract-based employees.

We deal in the trading of fresh whole dressed chicken and cuts ups.

Physical assets include-

2 commercial lots.

1 agri industrial lot.

7 residential lot.

3 agri farm lots.

19 heavy equipment.

12 refrigerated vans.

6 haulers truck.

4 private vehicles.

1 gasoline station.

We own a gasoline station and an office building in the southeast.

We have ongoing construction of a poultry processing plant. We tie-ups have poultry farmhouses.

It is a family business and we are currently applying for a loan from the Development Bank of the Philippines for the construction of our poultry processing plant. The business has 5 equal shareholders.