Scrap Metal Company Seeking Loan in Tangerang, Indonesia

- Business is involved in trading scrap.

- Mostly we are into steel scrap trading.

- Products are sourced from Singapore, Hong Kong, South Korea, Malaysia, New Zealand, and Australia.

- Have clients from all over the Indonesian market.

- Owner has experience in this field for 12 years.

- Business has suffered a loss due to financial losses because the market was not stable in Indonesia due to the pandemic and owners taking loans from fintech with high costs and interest.

- Company operates for 20 days each month.

Busheling bundle/Loose, PNS, new tin plate, HMS 1, HMS sheared, HMS 80:20, HMS 90:10, extrusion 6063, OCC 95, OCC 98, LDPE, SS 304, SS 201.

Physical assets include 2 houses of 1,200 sqm, a motorcycle, laptops, computers, and a printer.

- The rented head office is located in Tangerang in the east of the city on 75 sqm with a monthly rent of USD 550.

- We have our company branch in Singapore for operational support.

- The company has 2 shareholders with a percentage of 80:20 shareholding.

- Business has a debt with fintech and bank for a total of USD 4 million.