MITCHELL IRON SUPPLY | Application Preview
MITCHELL IRON SUPPLY is seeking government grants to acquire new equipment as part of a strategic move into CNC machining. The business, which has been family-owned for six generations and has a rich history spanning 140 years, is facing challenges due to outdated equipment that is over a century old and rapidly deteriorating. To ensure survival and relevance in the modern market, the company believes it is essential to upgrade its machinery.
The competition includes local implement dealers and machine operations, such as C&B Operations and Titan Machinery. MITCHELL IRON SUPPLY's competitive advantage lies in its extensive experience and accumulated knowledge over generations, setting it apart from competitors who lack this deep-rooted familial expertise. The funding is crucial for the business to transition into the next century and maintain its legacy.
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General Information
Business Registration Number: MITCHELL IRON SUPPLY
Location: MITCHELL, sd, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $250k to $500k
Open to Loans: NO
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Funding Usage
NEW EQUIPMENT
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Business Plan
MOVE INTO CNC MACHINING OUR FAMILY/ WOMEN/VETERAN OWNED BUISNESS IS 140 YEARS OLD ON THE 6TH GENERATION, OUR CURRENT EQUIPMENT IS 100+ YEARS OLD AND IS DIEING FAST, IN ORDER TO SURVIVE INTO THE NEXT GERNATION WE NEED TO GET NEW EQUIPMENT AND MOVE INTO THE NEW CENTURY WITH EQUIPMENT
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Self Identified Competition
LOCAL IMPLEMENT DEALERS, C&B OPERATIONS, TITAN MACHINERY PJ MACHINE, HURON SD WE ARE DIFFERENT IN EXPERIANCE, AGE, AND KNOWLEDGE FROM GENERATIONS OF FAMILY OWNERS THAT ANY OTHER COMPETITOR DOES NOT HAVE.
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Contact Applicant
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