RAM Contractors, Inc. | Application Preview
RAM Contractors, Inc. is seeking government grants to support payroll, insurance costs, and rent for their yard and office. The company aims to expand its operations over the next five years by hiring additional employees and bidding on commercial projects. Their goal is to increase annual gross income from $1,281,821.57 in 2019 to $8,000,000.
The request for funding is driven by the impact of the COVID-19 pandemic, which has halted many projects and led to reduced job opportunities. To sustain their workforce and continue operations, the company requires this investment.
In terms of competition, RAM Contractors faces rivals such as East Quality Concrete LLC, which generates approximately $3-4 million, Chilar Construction with around $1.5-2 million, and M&R Construction at $4-5 million annually. RAM Contractors believes their competitive edge lies in their commitment to quality work, strong client relationships, enhanced safety measures for employees, and ensuring consistent work for their staff.
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General Information
Business Registration Number: 82-3033550
Location: Laurel, MD, United States
Length of Operation: 3
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
The funding will be for payroll for employees, to cover insurance cost, and for yard and office rent.
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Business Plan
In order to grow my business in the next 5 years I would like to implement more employees. I would also like to bid on commercial jobs. In 2019 if our gross income was $1,281,821.57 . In the next five years we would like to grow our gross anual income to $8,000,000. In order to do this we would need more employees and more equipment. I believe investors should invest in me because of the covid-19 pandemic our jobs have stopped. In general projects have reduced. In order to continue to have our employees and stay in business we would need investment.
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Self Identified Competition
East Quality Concrete LLC is a company that makes annually around 3-4 million dollars. Chilar Construction is a company that makes annually about 1.5-2 million dollars a year. M&R Construction is a company that makes annually about 4-5 million dollars. Our top priority is to make quality work that is professional, maintain a good relationship with clients and customers, implement higher safety measures in our employees so they can make it home safely after work, and maintain our employees busy.
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Contact Applicant
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