SUMMARY OF FUNDING

Launch Date:

Amount:

Loan Term:

Repayment:

Average Interest:

Loan Purpose:

Number of Investors:

Funded:

28 October 2017

$60,000

12 months

Monthly

6.5% p.a

Business Expansion

20

100.0 %

Who are they ?

They provide laundromats (automated coin operated washing machines and dryer) services at 3 locations around Singapore with a total of 36 washing machines + dryers at washing capacity of 10kg, 15kg and 20kg. They fast growing and looking to expand.

What is the loan for ?

This investment will help to purchase more washers and dryers to expand their business to other key strategic locations. They already have 3 more locations in mind.

Why are they safe to lend ?

They are a close knitted family business and  have been in operations for many years with stable profits. They are able to seek good locations with potential customers using these services. 

SUMMARY OF FUNDING

Launch Date:

Amount:

Loan Term:

Repayment:

Average Interest:

Loan Purpose:

Number of Investors:

Funded:

09 November 2017

$280,000

24 months

Monthly

9.95% p.a

Business Expansion

46

100.0 %

Who are they ?

A childcare and early education for children from 3 months to school age based in Singapore. They has been in trading successfully since 2010. They have an excellent credit history and have shown a steady increase in turnover year over year. They specialised in providing every child the opportunity to develop and learn through creative free play and structured learning activities. All activities are well-planned with adventurous and imaginative play both indoors and outdoors.

What is the loan for ?

This nursery is seeking funding to enable it to increase the number of children in the pre-school and after-school care, and ensure that they are fully equipped with resources. The loan is to complete the refurbishment of part of the premises to provide additional space to take in additional children.

And to open another smaller outlet at a strategic location.

Why are they safe to lend ?

The nursery has an experienced manager who leads a solid team, and their success has been reflected in all three inspections obtaining a very good grade since opening. The funds will allow the nursery to take on more children in pre-school and after-school categories to allow it to continue to grow.

 

They currently have a 100% occupancy rate which has been consistent each year alongside a waiting list of 35 children to join this successful nursery.