MBG Enterprises Inc | Application Preview
MBG Enterprises Inc., a small, family-owned construction company, is applying for government funding to stabilize operations after the loss of a major aerial construction contract and increased operating costs. The requested funds will be used to cover rising insurance premiums, maintain payroll continuity to retain skilled employees, and pay down operational debts caused by high fuel prices.
To adapt to recent business shifts, MBG is expanding its underground division to take on more sitework and paving projects, aiming to meet growing market demand. This pivot also requires investment in updated vehicles and equipment to support the workload and meet modern standards.
MBG stands out from larger competitors by keeping all operations local and in-house, avoiding outsourcing to ensure job quality and community employment. With nearly 50 employees, the company emphasizes a strong, people-first culture, offering flexibility, job security, and growth opportunities—proven during challenging times like the COVID-19 pandemic. The funding would help MBG continue supporting its workforce while positioning the company for sustainable future growth.
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General Information
Business Registration Number: MBG Enterprises Inc
Location: FARMINGTON, NH, United States
Length of Operation: 6-10
Number of Employees: 26-50 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $250k to $500k
Open to Loans: YES
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Funding Usage
The funding will be allocated strategically to address key operational challenges resulting from the loss of a major aerial construction contract and rising operating costs. Specifically, the funds will be used to: Offset Insurance Premium Costs Our industry requires substantial liability and equipment insurance, and premiums have significantly increased. A portion of the funds will be applied to reduce the immediate burden of insurance costs, allowing us to maintain full coverage without compromising cash flow. Stabilize Payroll and Protect Employee Retention Ensuring consistent and timely payroll is critical to retaining our skilled labor force, particularly in aerial and underground construction. This cushion will provide short-term payroll support during periods where accounts receivable timelines (ranging from 2 to 4 weeks) put pressure on liquidity. Address Operational Debt from Rising Fuel Expenses Fuel costs have remained persistently high, impacting both our field operations and logistics. A portion of the funding will go toward reducing the outstanding fuel-related debts accrued during peak operational periods, improving our balance sheet and freeing up capital for growth.
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Business Plan
Due to the recent loss of the contract, we are expanding our underground division to take on more sitework and paving projects. This strategic shift not only helps offset the impact of the lost contract but also aligns with increased demand in these service areas. To support this transition and maintain efficiency, we will need to invest in newer vehicles and equipment that can handle the increased workload and meet modern performance standards. MBG is a small, family-owned company with a strong foundation built on hard work, dedication, and a commitment to our people. With nearly 50 employees, we take pride in maintaining a close-knit culture where every team member is valued. Our success has always been rooted in putting our employees first—something we proved by keeping more than 25 team members employed through the challenges of COVID-19. We don’t just plan for projects—we plan for the future of our families and employees. As we grow and evolve, we remain focused on maintaining a supportive work environment while continuing to deliver high-quality service across every job we take on.
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Self Identified Competition
Mirra Construction Company Hawkeye Construction Company Breezeline At MBG, what truly sets us apart from the competition is our unwavering commitment to our people. As a family-oriented company, we prioritize our employees’ well-being and work-life balance without compromising job security or growth. We believe that when employees are supported, the whole company succeeds. Our team is versatile—many of our employees wear multiple hats, contributing to a dynamic, flexible, and healthy work environment. We foster a culture where hard work is recognized and opportunities for development are always within reach. Unlike many others in the industry, MBG does not outsource work to third-party contractors or send jobs out of county. We take pride in keeping all of our operations in-house and local, ensuring quality control, accountability, and steady employment for our team.
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Contact Applicant
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