Taylor Electric Service | Application Preview
Taylor Electric Service is applying for government grants to fund the purchase of a work van and essential tools. Their business plan focuses on hiring additional employees, seeking maintenance contracts, and enhancing skill training. The owner believes that with financial assistance, the company can grow quickly. The funds will enable them to acquire a reliable van and equipment, improving efficiency while capitalizing on their existing strong customer base and referral system.
The application notes that the top competitors in the area—Tully Electric, AZ Electrical Company, and Advantage Electric—each have an average of about nine years in business. However, the owner highlights their competitive advantage, citing 15 years of union electrical experience, a master's electrician license from the city of Chicago, and extensive background in both residential and commercial projects, which many local competitors lack. This unique experience positions Taylor Electric Service to stand out in the market and provide superior service.
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General Information
Business Registration Number: 84-3358062
Location: Carol Stream, IL, 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
Purchase work van and tools
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Business Plan
Hire more employees, seek maintenance contracts, provide more skill training. I’m seeking investors to grow my company, I feel with some financial assistance I will be able to expand rapidly. The funds will be used to purchase a reliable work van and tools/equipment to work more efficiently. We currently have a great customer base and referral system, I feel with the additional equipment I would like to invest in, it will be a great benefit.
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Self Identified Competition
Top 3 competitors in my area would be: Tully Electric AZ Electrical Company Advantage Electric These companies have an average of about 9 years in business The few things that make my company different from my competitors is that I have 15 years of union electrical experience and training. I completed the journeyman training and supervised large projects for years. I also have a master electrician's license with the city of Chicago. I have a tremendous amount of experience with residential and commercial work, which many of these local companies do not have.
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Contact Applicant
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