Seafood Processing Business Seeking Loan in Lorengau, Papua New Guinea

- Operating a fresh produce and seafood distribution business in Lorengau, Papua New Guinea.

- Start-up business with strong relationships established with local farmers, fishermen, businesses, and government organizations.

- Focus on promoting organic and fresh distribution services for the community.

- Promoters bring 7 years of valuable experience to the venture.

- Extensive network of 90 suppliers supporting the business operations.

- Diverse client base, including prominent establishments:

1. Harbourside Hotel, Lorengau.

2. Hornibrook NGI, Lombrum Naval Based Redevelopment Project.

3. Lorengau Provincial Hospital.

4. Seeadla Bay Hotel, Lorengau, Manus Province.

- Achieving a 50-50 revenue split between seafood and vegetable businesses.

- Possession of essential regulatory licenses, including Intellectual Property (IP) and Inland Revenue Commission (IRC).

- We currently have enough revenue to finance the operations and the loan.

- Distributor of fresh produce and seafood.

- Specializes in supplying to hotels, hospitals, and schools.

1. Solar freezer x 2.

2. Laptop x 1.

The assets are illiquid, hence we need funds for expansion.

- Operating on a 90m x 90m landmass.

- Semi-permanent building covering 9m x 6m.

- Family-owned land along Momote - Lorengau National Road.

- Located in Naringel Village, Los Negros LLG.

- Land is customarily owned by the family.

- Sole proprietorship with a single owner holding 100% ownership.

- No debts or loans associated with the business.