James Daggett | Application Preview
James Daggett is applying for a government grant to support the establishment of a freight brokering company. He plans to use the funding to purchase two surety bonds, which are essential for starting the brokering business, and to address outstanding business expenses caused by the economic impacts of COVID-19.
In his business plan, Daggett highlights that he currently operates one fully paid-off truck, which generated $143,000 in revenue in 2019 before the pandemic. With the freighting brokering firm, he aims to generate additional capital to expand his fleet by acquiring more trucks.
He emphasizes the importance of the grant funding not only for his business growth but also for his personal mission to give back to the community. Specifically, Daggett intends to use his increased financial independence to establish a homeless ministry in Charleston and share positive messages with those in need.
Daggett notes that he operates in a thriving import/export area with numerous trucking companies. He describes a collaborative community among local businesses rather than fierce competition. His competitive advantage lies in his intention to broker not only land freight but also ocean and air freight, positioning his business as an international broker, which broadens his market beyond local constraints.
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General Information
Business Registration Number: 054666556
Location: Summerville, SC, 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
I would use this grant to buy 2 surety bond to start a freight brokering company which would expand my business by cutting out the middleman (the broker) also the remaining funds would be used to catch up business expenses that are behind due to economic loss from covid 19
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Business Plan
I have 1 truck now that is paid off that has generated 143,000 in revenue for 2019 before covid 19. With having the freight brokering firm in place I would be able to make more capital to invest in more trucks As my company grows , I also want to grow God's kingdom as well. As I become more financially independent I wanted to start a homeless ministry here in Charleston and devote more time telling people the "good news".
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Self Identified Competition
I live where import/export thrives... There are tens of thousands of trucking companies here. Instead of being in competition with one another, alot of times we are helping each other out to become more successful. What's makes me different than my competition is that a lot of them want to just broker land freight, but I want both surety bond to be able to broker ocean and air plus land and rail freight. That will allow us to become international brokers. Not being confined just to this area .
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Contact Applicant
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