Allstar Heating and Cooling | Application Preview
Allstar Heating and Cooling is seeking government grants to help pay off high-interest unsecured credit card debt, which would improve their working capital and enable more favorable financial terms with suppliers. The company has identified an opportunity to expand its service contract work but needs to hire additional field technicians to handle the increased workload. This growth is contingent on reducing their credit card debt.
As a woman-owned HVAC business with over 31 years of experience, Allstar prides itself on its commitment to customer experience and high-quality service. While facing competition from larger firms in the Chicago area, Allstar differentiates itself through its strong brand, loyal customer base, and a skilled team of technicians. The company believes that its focus on customer satisfaction sets it apart in a crowded market.
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General Information
Business Registration Number: 54-2148692
Location: Carol Stream, IL, United States
Length of Operation: 11plus
Number of Employees: 11-25 Employees
Annual Gross Income: $500k to $1M
Annual Gross Expense: $500k to $1M
Open to Loans: NO
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Funding Usage
We will use funding to pay off high interest unsecured credit card balances. We hope to achieve improved working capital and be better positioned to get better financial terms from our suppliers.
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Business Plan
We have a promising opportunity to grow our service contract work but we will need to hire a few more field technicians to meet the increased volume of business. This will stress our working capital and likely will not succeed unless we can pay-off a substantial portion of our unsecured credit card debt. We’re proud to be one of a select few woman-owned heating and cooling companies in the Chicagoland area. We’ve been in the heating and air conditioning business for over 31 years as the present owner inheirited the Company from her father. Ability-wise we do all the things other top-tier HVAC companies do, maybe even a bit more. But to really separate ourselves from the pack we concentrate on the customer experience at every level.
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Self Identified Competition
There are many HVAC companies in the Chicago Metro area. For instance ABC, Weather Makers, etc. These firms have larger resources than we do. However, due to our strong team of qualfied technicians and past history of quality work we have a strong brand unpon which to build. We have a strong brand of loyal customers and a great staff of loyal and well trained employees. Our satisfied customers is our calling card and it separtes us from our competition.
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