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Trucking Business Seeking Loan in Lae, Papua New Guinea

Funds needed to acquire trucks, for expanding mining deliveries for prominent client Harmony Gold Limited.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity General Partnership
Reported Sales USD 62 thousand
Run Rate Sales USD 180 thousand
EBITDA Margin 40 %
Industries Trucking
Locations  Lae
Local Time 3:12 AM Pacific / Port Moresby
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 175 thousand for 6.0% annual interest, 8 years (Native Currency: PGK 700,000)
Reason: We need this funding to purchase trucks.
Collateral Available: USD 5 thousand
Interested to connect with advisors
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Business Name
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Documents
IPA Certificate
Business Overview
- Specializing in the delivery of mining materials, primarily for Harmony Gold Limited, which is a key player in the gold mining industry in Hidden Valley, Papua New Guinea.
- Operates from Lae, strategically located to efficiently serve major mining operations and ensure on-time delivery of critical resources.
- The business employs a lean team of 6 skilled professionals, ensuring personalized and focused service to meet client demands.
- Provides road transportation services that guarantee the safe and efficient delivery of mining materials, bolstering the operational effectiveness of Harmony Gold.
- We currently do not own any trucks; instead, we hire them for our transportation needs.
- The firm’s logistics solutions are tailored to meet the unique requirements of the mining industry, making it a trusted partner for Harmony Gold Limited.
- Demonstrates a strong competence in supply chain management for the mining sector, underscoring the ability to handle complex transportation logistics.
- Maintains a close partnership with Harmony Gold Limited, illustrating its capacity to support long-term relationships and stable revenue streams.
Products & Services Overview
We deliver mining materials to Harmony Gold Limited via road transportation. This reliable mode ensures timely and efficient delivery, supporting their operations effectively.
Assets Overview
We currently operate without owning physical assets, relying solely on hired services.
Facilities Overview
We have a rental office to cater for all administration jobs for the company.
Capitalization Overview
We have only one funder and she is currently funding our operations. We don't have trucks but we hire those trucks.
2 shareholders - having 30% and 70% sharing.
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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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