Easy to Operate Lending Company in BulacanListing: #OR00172
About this Business for sale in BulacanEasy to Operate Lending Company in Bulacan
Small scale, easy-to-operate lending company has been running since 2011. It is SEC registered and has a Certificate of Authority-to-Operate as a Lending Company from the SEC. It is the only lending company with a SEC Certificate of Authority in the area.
Owner, who is 65 years old, wishes to retire. Unfortunately, he does not have a successor. He has been winding down operations of the company and is not actively developing new accounts. Despite the slowdown in operations, the company has a healthy portfolio, net of problematic accounts, amounting to ₱300,000. These accounts are from tricycle operators and are collateralized by the original certificate of registration and official registration of the tricycle. There are about 16 tricycle associations in the area.
This is your chance to be part of a profitable industry at minimal starting investment, through an existing company with a license, and with a healthy portfolio.
For more details and inquiries:
Ricky Gumaru | Business Broker | Globe Mobile: +63 917 887 4539
+63 2 7900 8000
+63 917 887 4539
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.