113734628 | Application Preview
The applicant seeks funding to address financial difficulties, including overdue bills related to mortgage, utilities, and taxes, which have impacted their ability to support their family. The business owner has a five-year growth plan that focuses on increasing income through improved marketing strategies, such as enhanced social media engagement and promotional deals. Additionally, they intend to upgrade their signage to attract more customers.
The applicant believes they should receive funding due to their dedication and hard work. Having immigrated from Nigeria, they have spent 16 years building their business and take pride in their accomplishments despite current challenges.
They identify key competitors, such as Nikki's Liquor and Urban Wine & Spirit, who have prominent locations and eye-catching signage. However, the applicant highlights their competitive edge as exceptional customer service, fostering strong connections with customers and fostering a sense of community.
Despite current struggles, the applicant asserts that investment in their business will lead to growth and improved service, benefiting both the community and investors by demonstrating resilience and commitment in the face of adversity.
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General Information
Business Registration Number: Uncle Ben Liquor Inc.
Location: Proviidence, RI, United States
Length of Operation: 16
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I am in need of this funding because I am behind on all of my bills. I am behind on my mortgage, electricity, gas water, taxes, utility, housing. It is also hard to provide for my family at this time.
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Business Plan
My plan to grow in the next five years is to create a new game plan of how to increase income for my business. I will also begin to use other ways to advertise my business by utilizing social media more and incorporating deals and sales that will attract more customers. I want to get a more vibrant sign to attract more customers. Investors should invest in me because I am a hard-working man. I came to America from Nigeria to build a better life for myself and for my family. I struggled to build this business up, but throughout my 16 years, I have done amazing things with that. I am proud of my business and I know with the investor's help they will be proud also.
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Self Identified Competition
My top competitors are Nikki's Liquor, Urban Wine & Spirit, and Union Liquor. I believe these are my top competitors because they are at junctions where it is easy to find. They have vibrant signs that catch people's eyes. My business is different from my competitors because I go above and beyond for my customers. I know that customer service is one of the most important aspects of having a business. I talk to customers, listen and understand when they talk to me. I need to connect with my customers like family because many people look at me like family. I pride myself on my service. Because I am a minority, it is looked at as a disadvantage, but I feel like it is an inspiration for others like me who have chosen to become a business owner in America, who has struggled and thrived, and who now is asking for help through these troubling times. Investors should invest in my business rather than my competitors because it will show. My business may not be in the best shape now, but it is still standing and with the investor's help I can continue to be open, grow and serve the people in better ways.
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Contact Applicant
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