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Ground Logistics Business Seeking Loan in Lae, Papua New Guinea

Company involved in transporting chromite from the mine seeks a loan.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 10 - 20 thousand
Run Rate Sales USD 160 thousand
EBITDA Margin 30 - 40 %
Industries Ground Logistics
Locations  Lae
Local Time 1:38 PM Pacific / Port Moresby
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 260 thousand for 12.0% annual interest, 3 years (Native Currency: PGK 1,000,000)
Reason: Need funds to buy more trucks.
Collateral Available: USD 180 thousand
Includes physical assets worth USD 160 thousand
Interested to connect with advisors
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Business Name
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Documents
Business Overview

- We are a new company involved in transportation and logistics.

- Recently entered into business with Mapai Transport Ltd to transfer Chromium from Ramu Nickel-Cobalt Mine.

- Currently, we have just 1x Renault semi-tractor trailer. We want to increase our fleet to 10 vehicles.

- The capacity of the trailer is 40 tonnes but currently loading 30 tonnes of the product.

- We recently received a contract that increased the revenue significantly.

- The promoter has over 30 years of experience in the management industry.

Products & Services Overview

We transport chromite from Ramu nickel-chromium and cobalt mine.

Assets Overview

6x6 Renault prime mover.

40 ft trailer.

Facilities Overview

With a business loan, we will build office space and increase staff to run the business.

Capitalization Overview

- Business is funded by personal funds.

- The company has 1 owner.

- Company has no debts or liabilities.

Recent Activity
  • Earlier than 15 days
    Consulting, Port Moresby, Financial Consultant connected with the Business
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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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