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School Seeking Loan in Ukhrul, India

Require a loan to construct a school building and hostel for the students.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Other
Reported Sales USD 30 - 40 thousand
Run Rate Sales USD 43 thousand
EBITDA Margin 10 - 20 %
Industries Schools
Locations  Ukhrul
Local Time 7:39 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 360 thousand for 9.0% annual interest, 10 years (Native Currency: INR 30,000,000)
Reason: Funds are required to acquire land & to build a new school, hostels, teachers' quarters, & auditoriu... View More
Collateral Available: USD 360 thousand
Includes physical assets worth USD 360 thousand
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Business Overview

- The school has been running high school level & we are looking to upgrade to a higher secondary level.

- We are in the process of getting affiliated with CBSE.

- Our school is operational and we have classes up to 10th standard.

- The school currently has 500+ students.

- Our school is based in a remote village.

- The business is registered under the government of Manipur and is a nonprofit organization.

- The school's foundation has 16 members with an equal stake in the business.

- Business does not have any outstanding loans.

- We are seeking a loan to acquire land & established a new school. Funds will also be used to renovate the new school.

- We have 21 skilled teachers for classes up to 10th standard.

Products & Services Overview

We are a school with classes up to 10th standard, producing the finest students and giving more accessible education for the area.

Assets Overview

Physical assets include land and building owned by the business with an area of 20 acres, assets of the school & hostels.

Facilities Overview

We have a school building and hostel which need to be renovated and need new building construction for the secondary level. The land and building are owned by the business and have an area of 20 acres.

Capitalization Overview

It is presently funded by the church, village, student union and women union etc. We have no debts and loan from any other banks.

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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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