- Country: South Africa
- Industry: Banking, Finance, Accounting, Insurance
- Stage: Start-up
- Investment size: $1,000,000 / min. $1,000,000
- Type of investment: Debt, Equity
I want to start a Cash Loan Business with a profit of 33.3% on every loan.
Cash loans is a quick way of making money and will ensure your repayment as soon as possible.
I am aiming to open the first of it's kind Cash Loans in Fordsburg, Johannesburg.
This suburb in the capital suburb of the Indian community of Johannesburg.
The Cash Payback period will range from 1 to 24 months depending on the loan amount. 1 month will be for a "Payday Loan" and the 24 month option will be for long term loans.
What makes this a good business idea is that you can never go wrong with a Cash Loan Business. Especially if this will be the only existing business of its kind in the area.
The opportunity for the investor is that you will receive 40% of all profit for as long as this business exists.
This would sell in today's market because as you know people seem to be struggling financially more than ever before. Especially after these floods we've been having. I say: Now is the perfect time to open a business like this.
The Project hasn't been started yet due to the lack of funding.
Additional funding is needed for salaries, rent of building, Loan amounts, etc.
If you are interested investors, please contact us on Merar for more information.
Fordsburg is crawling with potential customers seeing as this is a business area with more than 100 businesses between here and Mayfair. That doesn't even include Brixton or the residents in these areas. I'm only talking about Employees.
Too my knowledge I don't have any competitors as this will be the first of it's kind in the area.
Rationale for the deal
My opportunity out of all this is that I get something that I love doing and also gain somebody's trust (the investor) who might want to do business with me again in the furure.
I will be getting the 60% profit after rent, salaries, water and electricity, etc.
No other market players in this area are making money from this same opportunity as far as I know, which is why I want to be the first.
Use of financing
The Investment is needed for Loan Payouts, Rent of a building, Water and Lights, salaries, furniture, etc. for about 3 months until the business starts making an income.
Looking for similar investment opportunities