Easy to Operate Lending Company in AntipoloListing: #OR00245
About this Business for sale in RizalEasy to Operate Lending Company in Antipolo
This small scale, easy-to-operate lending company is now on its third year of operation. Sales has progressively increased and hit P 1.2M end of 2017. The company is registered with the SEC and has a Certificate of Authority-to-Operate as a Lending Company, also from the SEC. It is located in Antipolo, Rizal.
The National Competitiveness Council awarded Antipolo city the country’s Overall Most Competitive in the Component City Category. Antipolo ranked as Top 1 in infrastructure development, Top 6 in economic dynamism, Top 3 in government efficiency, and Top 7 in resiliency. The award defines the market potential of Antipolo for entrepreneur financing opportunities.
Loan portfolio is ₱3.4 million as of November 2018. Loan portfolio consists mainly of multi-purpose loans collateralized by either post-dated checks, real estate, or chattel. The company services a wide array of accounts, cognizant of the vast potential of Antipolo. Clients are composed of market vendors; service companies like language translation services and computer shops; mini-groceries; and transportation services like jeepney and tricycle operators.
The P3.4 million loan portfolio includes proceeds from an infusion of P 400,000 for additional loans. The infusion has not been fully released.
Information prepared as provided by Seller. Buyer is expected to conduct due diligence.
+63 2 900 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.