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Application Software Business Seeking Loan in Port Harcourt, Nigeria

Company developing web applications ad cloud based software for schools, and other organisations.

Established 10-20 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 10 thousand
Run Rate Sales USD 10 thousand
EBITDA Margin 40 %
Industries Application Software
Locations  Port Harcourt
Local Time 10:44 AM Africa / Lagos
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 800 for 40.0% annual interest, 1 year (Native Currency: NGN 1,000,000)
Reason: Need funds for working capital and business expansion. We already have an ongoing loan so want to ta... View More
Collateral Available: USD 1.6 thousand
Includes physical assets worth USD 1.6 thousand
Interested to connect with advisors
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Business Overview

- We provide school management software.

- Have 100 schools using our software. All these schools are privately owned.

- Clients are mostly in Port Harcourt, Abia, Abuja and other places.

- The software helps with result comparison, organizing computer-based exams, and online teaching.

- We provide the software on a subscription model.

- The subscription is only valid for 4 months.

- We also help schools to outsource their computer labs.

- The software has been developed by our company.

- We provide installation services and training to the school.

- Promoter has 12 years of experience in the software industry.

- Business has all the required incorporation documents.

Products & Services Overview

1. School management software used by private schools.

2. E-learning platform used to conduct tutorials and computer based examination.

3. Online results platform.

Assets Overview

The physical assets of the business include 2 cars, laptops, and electronic accessories.

Facilities Overview

We do not have an office. We set up a small area for ourselves in the school where we provide the software.

Capitalization Overview

- The business is a sole proprietorship.

- The funds have been raised from investors and there is an ongoing loan of NGN 3 million.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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