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May 19, 2024, 3:27 pm UTC

46-1065842 | Government Grant Application

EDM Wirecraft | Application Preview

  • General Information

    Business Registration Number: 46-1065842

    Location: Ft. Branch, IN, United States

    Length of Operation: 11plus

    Number of Employees: 1-10 Employees

    Annual Gross Income: $250k to $500k

    Annual Gross Expense: $100k to $250k

    Open to Loans: NO

  • Funding Usage

    I intend to use the funding to help cover payroll expenses to keep the employees paid long enough for work flow to pick back up as it slowed dramatically lower than usual over the holidays. Some funding will also be used to purchase material needed to complete those jobs as we've run to low in our account to buy all the material needed and still have enough to pay the workers.

  • Business Plan

    My plan to grow my business focusses largely on increasing our efficiency and completing jobs at a faster rate to increase our work flow and income. I will also seek funding via banks to purchase new machinery once work flow picks back up to be able to work on more jobs at once and therefore increase the amount of jobs we can complete each month. Furthermore I'll be making business trips to local business to inquire about increasing our customer base and increase our yearly revenue. EDM Wirecraft has been in business for over thirty years, and I an employee for the last 8. I've recently bought this business in hopes of keeping it going and having something more in life to pass on to my sons once they're older. We've always stood by our work and strived to produce superior quality that we can take pride in. Offering advice and support to other machine shops in our area when we can and doing our best to be a productive successful business.

  • Self Identified Competition

    My top three competitors include local machine shops who also cover tool and die work. But thankfully with the presence of big manufacturing plants like Toyota and TBIN there is more than enough work to keep us all busy and growing. I focus on a different niche than a lot of my competitors, often taking on more difficult jobs that require special attention or extra time to complete. Such as reverse engineering a part, holding up production, from overseas that can no longer be purchased. We plan to grow our business, provide more jobs, and continue doing our best to produce quality work that'll keep us going for generations to come.

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