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February 7, 2025, 4:46 am UTC

740 Overhead Door LLC 740 Overhead Door LLC | Government Grant Application

740 Overhead Door LLC | Application Preview

 

740 Overhead Door LLC is seeking government funding to support its operations amidst a growing business environment. The funds will primarily cover monthly payroll of $43,200 and material costs of $30,000, which are necessary to manage cash flow until products are delivered and payments from customers are received.

Since relocating in 2020, the company has seen a substantial revenue increase of $211,000 in its first year at the new location, although this growth was accompanied by significant expenses. The requested funding is aimed at ensuring continued growth, particularly given the challenges posed by fluctuating steel prices and a backlog in garage door supplies. The broader industry is experiencing growth, which is evidenced by a shortage of garage doors.

In terms of competition, the company faces rivals such as Newark Overhead Door, All Pro, and Hamilton Overhead Door. However, 740 Overhead Door LLC highlights its competitive edge through a strong commitment to quality and customer service, reflected in over 130 reviews—a number that surpasses that of its competitors. This reputation positions the company favorably in a competitive market.

  • General Information

    Business Registration Number: 740 Overhead Door LLC

    Location: Heath, OH, United States

    Length of Operation: 4 years since we pur

    Number of Employees:

    Annual Gross Income:

    Annual Gross Expense:

    Open to Loans: YES

  • Funding Usage

    The funding will be used for payroll, job material that needs to be paid for before the product comes in and we get paid. monthly payroll 43,200 monthly matieral 30,000 this will cover the cash flow until doors get in and we get paid by the customers.

  • Business Plan

    we moved into a new loaction in 2020 which will grow our business in the next 5 years. this was already added income of $211,000 the first year. but also had a lot of expenese go out the first. We are growing our business revenue was up in 2020 by $ 211,000 and that was our first year in our new location. we need funds to keep going since our industry with steel prices and the back log of garage doors we need cash flow to keep going. The shorts of garage door is shwoing our indusrty is still growing.

  • Self Identified Competition

    Newark Overhead door All Pro Hamilton overhead door We take pride in our quality of work and customer service and over a year at our new location we have over 130 reviews compared to our competitors which none of them have even 100 reviews.

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