About the Business
216c 4850 Westwinds Dr NE
Treetrunk Inc. is an Alberta Corporation.
Rahim Damji, the founder of Treetrunk Inc, is looking to change how we think of logistics, starting with the real estate sector. Having grown up in real estate, working with his father who is a real estate agent, he started to notice perceived inefficiencies. He continued to be involved in the sector, initially building a marketing company focused on real estate. Soon, they were so busy that they needed to find a more efficient way of managing their clients and keeping the service levels high. That led to the development of their www.forsmartagents.ca platform which is now revolutionizing the way that real estate agents do business.
Rahim Damji owns 100% of the company
Description of Business
Treetrunk Inc. is a customer-centric company focused on helping industries adapt to our ever changing world. It has created a logistic platform that greatly improves the efficiency by which clients connect with service providers. Their initial focus in on the real estate sector. Their software connects realtors with service providers, eliminating middlemen, while drastically improving the efficiency and ease with which transactions are done. Their platform acts as a one stop shop for ordering everything from measurements and house photos, to sign printing and placement. Not only is the platform intuitive, but the business model inherently encourages service providers and realtors to join.
Use of the Funds
Treetrunk’s business model is easily scalable and they are growing rapidly. However, they have no interest in giving up any ownership of their company in order to fund their growth. They are seeking a $100,000 loan through ATB LendR to assist them in this growth by:
Continuing to refine their platform
Helping them expand their marketing as they move into additional markets
Help them bring on more suppliers and real estate agents
Terms of LendR Loans
Loans will have a term of 2 years (24 months), beginning after the loan is successfully funded. Treetrunk Inc. will repay the principal plus 15% interest, calculated as a blended loan. Treetrunk Inc. will make monthly payments of 1/24 the total repayment amount. If Treetrunk Inc. chooses to repay the loan early, the principal plus the full interest remaining in the 24 month period must be paid.
Treetrunk Inc. has been in business for less than 2 years. There are financial, operational, and market risks for any business. Some that apply specifically to this business include:
This Lending Profile does not contain a statement that, in a material respect and at the time and in light of the circumstances in which it is made, is misleading or untrue and it does not fail to state a fact that is required to be stated or that is necessary to make a statement not misleading.
Certified as of: December 22, 2017
By: Rahim Damji