ROYAL THREAD LLC | Application Preview
ROYAL THREAD LLC is seeking government grants to support the growth of its embroidery business. The funds will be allocated towards purchasing new equipment for expansion, increasing inventory, and covering operational expenses.
The business has a clear five-year growth plan that emphasizes advertising, expansion, and dedicated effort. By investing in new equipment and inventory, the owner aims to diversify the product offerings, which is expected to drive sales and business growth.
The owner, a 20-year-old African-American female and full-time student at WGU University majoring in Business Management, expresses strong commitment and determination to succeed. She believes in her vision and hopes that investors will share this belief.
In terms of competition, she has identified three similar embroidery businesses, primarily operating on the Etsy platform. Despite the competitors, the owner differentiates her shop by providing a wide range of customizable products and prioritizing excellent customer service. Her focus on customer satisfaction and proactive advertising strategies helps her stand out in a crowded market.
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General Information
Business Registration Number: 87-2893197
Location: CLEVELAND, OH, United States
Length of Operation: 3 Months
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I will use the funds for growing my embroidery business. I will use it on equipment for expansion and new inventory. I will also use it to cover operation bills and fees.
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Business Plan
I plan to grow my business in the next 5 years through advertising, expansion, and hard work. I want to invest in more equipment and more inventory, creating a wider range of products resulting in more sales, therefore growing my business. Investors should invest in me because I am wholeheartedly willing and ready to put in all the hard work for my business to succeed. I am a 20-year-old African- American female who is also a full-time student at WGU University majoring in Business Management, and a new business owner/ entrepreneur. I believe in myself, I believe in my dream/goals, and I believe in my business. I truly hope investors will too.
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Self Identified Competition
My top 3 competitors are similar embroidery businesses. At the moment, I've been selling through a platform called Etsy. Through Etsy, there are many similar shops and competitors. However, I believe my shop stands out from the others because I have done very well in sales. I'm different from my competitors because I offer a wide range and variety of various customizable products. I interact with my customers and ensure excellent customer service. I am very focused on growing and advertising to my audience of customers. I make sure to put my best work forward and make sure the customer is always happy.
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Contact Applicant
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