Purpose of Campaign

While expecting payments from existing customer contracts, the Issuer needs funds for bridging capital. The cash crunch was due to the bargaining power of the large corporate nature of its clients where payments at times get stretched for up to 6 months, and payment terms are often on a 30%-30%-30%-10% basis. Therefore, the Issuers needs additional funds to allow its business to roll over and cover expenses for up to a year.

About the Issuer

The Company is a commercial and office renovation contractor and interior design firm, which has been in the market for over 10 years. Its clientele comprise mainly of local and international MNCs; and has done major projects with big corporate names and retail chains such as Marina Bay Sands, City Gems, and TCC. Current on-going projects include interior decor projects for SASA, Harvey Norman, Gardens By the Bay, and Takashimaya.

Issuer Summary

Date of Listing:
May 26, 2016
Amount:
S$100,000
Tenor:
12 months
Repayment Type:
Callable
Repayment Term:
Quarterly
Target Interest Rate:
19.00% p.a.
Purpose:
Working Capital

Funding Summary

Percentage Funded:
100.0%
Total Amount of Eligible Offers:
S$100,000
Number of Unique Investors:
109
Range of Offers:
S$1,000 ~ S$10,000
Note Rate:
15.00% pa
Number of Allocated Investor(s):
44
Highest Rate From Eligible Offer(s):
15.00%
Lowest Rate From Eligible Offer(s):
9.00%
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