Newly Established Scaffolding Business Seeking Loan in Chennai, India

- Have business involved in the supply of scaffolding, formworks and centring with 18 years of experience. - Recently started an online marketplace for manufacturers, dealers, distributors, contractors, architects, interior designers, services providers & others in the construction related industry.

- We also plan to start a vocational training institute, where the ground-level staff or diploma graduates can for other trainings related to the construction field.

- This institute will be set up on 1,500 sq. ft of land owned by the owner of this business.

- Our institute will have crash courses for 2 weeks on safety standards, and scaffolding, and an in-depth CAD course of 6 -10months, bring awareness & bridge the gap between students and industry standards. Have soft skills / POSH training to help the students.

- The courses will be affordable at a starting price of Rs. 5000/-

- We have contacts with various construction companies / contractors / builders etc.

- We wish to start the institution within 2-3 months of receiving the funding.

- Have a 12A approval from the government and have conducted sessions before.

- Wish to promote more involvement of women and the underprivileged in the field.

- The business holds the necessary valid GST certificate.

Our business provides products and services related to scaffolding, formworks, and construction. We also want to start a training institute which will impart training in scaffolding, safety standards, and CAD to ground-level staff in the construction industry.

Products: scaffolding & formworks [mild steel/aluminium] sand, cement, steel, lights, doors, windows, and fasteners.

Services - CCTV, cabling, Vastu, manpower supply.

Our products and services are useful for contractors, turnkey architects, civil, paint & electrical contractors, and interior decorators.

Tangible assets owned by the business include laptops, furniture, and fixtures worth INR 10 lakh.

The institute will be constructed on the owner's 3,500 sq. ft land, and the land can be collateral for this loan as well. The.

- As of now, for the online market, we operate from a home office of 150 square feet in Chennai, Tamil Nadu.

- Out of 3,500 square feet of the owner's owned industrial land, 1,000 square feet is going to be used to construct a building for our office and training institute.

- The land is located in Chennai as well.

Sole proprietor business, mostly self-funded up to INR 22 lakh & and supplemented with a bank loan of INR 2 lakh.