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Staffing Company Seeking Loan in Bangalore, India

Bangalore-based recruitment company that does both IT and non-IT staffing / placement is seeking a business loan.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 70 thousand
Run Rate Sales USD 93 thousand
EBITDA Margin 6 %
Industries Staffing
Locations  Bangalore
Local Time 3:01 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 35 thousand for 12.0% annual interest, 10 years (Native Currency: INR 3,000,000)
Reason: To expand Contract Staffing Business from current 5 people to 50 people. I need this loan to manage ... View More
Collateral Available: USD 0
Includes physical assets worth USD 2.9 thousand
Interested to connect with advisors
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Business Name
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Documents
Business Overview
- Business works on both IT and Non-IT requirements with two separate teams.
- IT clients are HCL, Mphasis, SLK Software, Every, Aris Global, Aveeksha, IEEE India, Manthan, AWPL etc.
- Non-IT clients are Avis India, Aegis, Concentrix, Zamstars, Owl Tech and many other small companies in India.
- Promoter has 14 years experience in recruitment prior starting the company and has been running the organisation for past 6 years alone.
Products & Services Overview
Contract Staffing, One Time placements.
Facilities Overview
Taken Rental place of 1100 SFT at JP Nagar 2nd Phase.
Capitalization Overview
Not Disclosed
Recent Activity
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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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