Purpose of the Campaign
The Company requires additional financing to purchase supplies from its overseas manufacturers, in order to fulfill their existing backlog of customer purchase orders. The Company faces a funding gap, as their manufacturers require them to pay the full amount upfront. As such, it requires additional financing to meet the increase in demand from clients. 

About the Issuer
The company is an established company located in Singapore for over 17 years. The company specializes in the supply of heavy duty spare parts around the world. They supply full and complete range of parts for the above mentioned makes and brands. 

 

 

Issuer Summary

Date of Listing:
August 11, 2016
Amount:
S$146,000
Tenor:
12 months
Repayment Type:
Equal Instalment
Repayment Term:
Monthly
Target Interest Rate:
17.00% p.a.
Purpose:
Working Capital

Funding Summary

Percentage Funded:
100.0%
Total Amount of Eligible Offers:
S$146,000
Number of Unique Investors:
23
Range of Offers:
S$2,000 ~ S$14,000
Note Rate:
17.00% pa
Number of Allocated Investor(s):
23
Highest Rate From Eligible Offer(s):
17.00%
Lowest Rate From Eligible Offer(s):
17.00%
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