Need some advice please. Have taken on CEO position in travel business. Grow from R6M in first year to projected top line of R25M in next 15 months. Only 2 staff and home based office.
Wish to triple income generating staff and1 more Ops staff, with that matching costs and capex and premises etc, to double top line in the same 15 months + 6 months thereafter.
Just paid school fees exiting previous equity shareholder. Business has no asset base only projected income and PBIT based on that.
Wish to find finance through Angel investor or similar with no equity terms only interest on around R2M investment returnable over the 20 month period. How would i, if possible, structure that agreement ie. 1% of total creditor invesment per month with balloon or extension options at end of term?
Thanks for the consideration.....