LR Custom Homes & Design Inc. | Application Preview
LR Custom Homes & Design Inc. is applying for a government grant to support their growth and expand their operations. The requested funding totals $60,000, which will be allocated as follows: $30,000 for purchasing another lot, $5,000 for a 16-foot cargo trailer, $3,000 for marketing and office supplies, $2,000 for insurance, $5,000 for tools and materials not covered by the construction loan, and $5,000 for annual operations and maintenance.
The business strategy focuses on building trust and satisfaction among clients, leveraging the owner's extensive 20 years of experience as a financial advisor and manager. The owner has successfully overseen a construction project, leading to strong interest from buyers and positive feedback about the initial business offerings. To foster growth, it is essential to maintain an adequate inventory of homes.
In justifying the funding request, the applicant expresses gratitude for potential support and highlights a dedication to hard work and exceptional service. While there is competition from larger companies that prioritize quantity over quality, LR Custom Homes aims to differentiate itself through attention to detail, personalized service, and unique home designs. The owner believes that her perspective as a woman in the industry, combined with her background in finance, provides a competitive advantage, allowing for better client relationships and innovative project approaches.
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General Information
Business Registration Number: 85-1354313
Location: Cabot, AR, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
I would use 30,000.00 to purchase another lot. 5000.00 for a 16' cargo trailer 3000.00 for marketing and office supplies 2000.00 for insurance 5000.00 tools, material, gas, not covered in the construction loan. 5000.00 annual operations and maintenance
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Business Plan
I plan to grow my business through the satisfaction and trust of my clients. I was a financial advisor and manager for over 20 years and built a successful book of business. I have the knowledge, contacts and reputation to continue to grow my new business. I will build a state inspected quality home for new home buyers. While I was studying to get my contractors license, I help to oversee an entire project started in August 2020 and completed in November 2020. The house had many buyers seeking to purchase and was sold before completion. In addition I had an overwhelming interest in buyers wanting our services. The feedback has been very positive and the business plan has had a great start. The demand is there but in order for the business to grow and be successful I need to have the inventory available. I would be extremely grateful if an investor decide to invest in my business and future. Although I've been around the industry for 30yrs. through my husband's plumbing company, this is a new career path for me and I've always enjoyed the excitement of building a new home. I work extremely hard and put in the hours needed to satisfy the customer, complete tasks on time, and provided excellent service and/or product. In the financial world my business was built on referral's and you do not get any of those unless your client is very happy with the service you are providing.
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Self Identified Competition
The top 3 competitors are larger businesses and rely more on quantity instead of quality. They do many things well but I do feel they are not paying attention to the detail and to the complete satisfaction of the buyer like they have in the past. There is such a wide variety of homes to build and that are being built but, I am sticking to a certain square footage which will keep me extremely competitive. I believe I have had a lot of interest because I take the time to do something a little bit different which will get the buyers attention and not look so "cookie cutter" on a project. I have a fresh new look at the industry and come from the buyers perspective. Also, I do have to say that being a female I look at these projects a little differently and develop a different relationship with my clients. Having a previous career in the banking and financial market I feel gives me an advantage with a different set of knowledge, skills, and management techniques.
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Contact Applicant
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