BLU-BOLT LLC | Application Preview
BLU-BOLT LLC is seeking government grants to fund the purchase of 30,000 cut-resistant leather gloves, with total costs including inventory, shipping, and fees estimated at $180,000. The company operates on a NET 60 payment system, meaning they will pay suppliers 60 days after receiving the products.
The business plan focuses on increasing capital to supply larger companies with industrial personal protective equipment (PPE). With improved cash flow, BLU-BOLT aims to provide vending machines stocked with their products, thereby enhancing product availability and revenue growth.
BLU-BOLT highlights its small American business roots, founded by an experienced boilermaker welder. The founder has built relationships with purchasing agents at large companies, showcasing quality products and competitive pricing that could save clients around $10,000 on orders, while also offering significant profit margins. The need for funding arises from the typical NET 60 or NET 90 payment terms these clients use.
In terms of competition, BLU-BOLT identifies MCR, Fastenal, and Tillman as major players in the market. However, BLU-BOLT's competitive edge lies in its ability to provide personalized service and flexibility in product modifications, which sets it apart from these larger corporations. This customer-centric approach fosters stronger relationships and tailored solutions, rather than a one-size-fits-all model.
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General Information
Business Registration Number: 84-5015400
Location: Nauvoo, AL, United States
Length of Operation: 2
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Blu-Bolt LLC has a proposition for a purchase of 30,000 cut resistant leather gloves. The cost of inventory, shipping cost, duty fees, and broker fees will be around $180,000.00 dollars. This company's structured payment system in NET 60. Meaning they will pay 60 days after products have been received.
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Business Plan
Through increasing capital to be able to supply larger companies with needed industrial personal protection equipment. With the increase cash flow we will provide larger companies with vending machines stocked with our products. This will decrease the time it takes to move our products and increase revenue which in return will grow Blu-Bolt LLC. Blu-Bolt LLC is a small American company devoted to hard work and the sale of quality products. Founded by a boilermaker welder who has worked all around the country for big companies. In that time I have developed relationships with purchasing agents for these big companies, provided samples of gloves, as well test reports for the products meeting their safety requirements. All of this with prices that beats their current supplier and will save them around $10,000.00 dollars on their orders. These prices will also provide between a 80 to 100% profit. These big companies use NET60/ NET90 payment methods in which the company will pay 60/90 days after they receive the products. This factor is why Blu-Bolt LLC will need funding to be able to accomplish these big purchase orders.
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Self Identified Competition
Our top three competitors are MCR, Fastenal, and Tillman. These companies are large scale corporations with immense funding and capital. Blu-Bolt LLC is a small business which allows us to treat each client as an actual individual instead of just a number like our competitors. Our operation allows for the flexibility of our clients to be able to make modifications to our products. This builds our relationship with the companies doing business with us instead of the take it or leave it approach our competitors have because of their large scale operations.
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Contact Applicant
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