Plastics Company Seeking Loan in Joydebpur, Bangladesh

One of the top 10 pipe brands in Bangladesh. We manufacture plastic pipes for drainage systems and house water lines. We also manufacture water tanks for the storage of water. The company has 80+ dealers across Bangladesh. Current monthly sales are $50K but our full production capacity is $600K worth of goods per month. We sell the products in advance and cash on delivery. We do not sell on a credit basis. We have huge demand in the market due to our best quality but due to lack of working capital, we are not able to run business smoothly. If we can run all our machines 24/7 then we can easily make 30% profit with higher sales volumes. We do not need more than $500K as an investment at this stage. We only need funds for working capital to increase the production capacity and cater to the demand.

UPVC pipe, SWR pipe.

Water tank.

UPVC fittings.

1. 21 decimal land.

2. Machines and equipment price: $500K.

Total land: 60,000 sq ft.

Shed area: 40,000 sq ft.

Land fully owned by one of the shareholders.

Total value of the land: $5 million (approx)

Facility is located near Vogra ByPass.

Business is funded by the owners and rental income, profit from sister concerns. Our loan against this company is $1 million (approx). We have 2 shareholders right now with an equal number of ownership (50:50)