Inspirational Beauty | Application Preview
Inspirational Beauty is seeking government grant funding primarily to address overdue rent and replenish essential inventory after a period of shutdown. The business owner aims to enhance the salon’s offerings over the next five years, thereby increasing revenue by introducing new services alongside existing ones.
The request for funding is grounded in a commitment to responsible financial management. The owner plans to use the funds to support the landlord and cover outstanding bills, ensuring both personal and business stability.
In terms of competition, there is only one similar salon in the area. While both provide hair, tanning, nails, and waxing services, Inspirational Beauty positions itself as an everyday salon with affordable pricing. This competitive edge aims to attract a broader customer base, emphasizing accessibility and customer loyalty.
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General Information
Business Registration Number: 407434167
Location: Hudson, KY, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I will use this to fulfill my rent that is behind since being shut down and restock my items.
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Business Plan
I am planning on expanding my salon in the next 5 years, making a bigger income for myself. I am going to also add additional services on top of what I already offer. I feel I as a small business owner am using the money properly, to help my landlord with his expenses and also helping my business by restocking items that we need and catching up my bills that are behind.
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Self Identified Competition
There is only 1 other salon like mine in the area. I offer hair, tanning, nails and waxing as does she. My competitor is a highend salon, while I am an everyday salon. I am for the people, therefore my prices are reasonable because I want everyone tk be able to afford my services and come back.
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Contact Applicant
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