Hammer Perforating, LLC | Application Preview
Hammer Perforating, LLC is seeking government grants to expand its operations and recover from the impacts of COVID-19. The funding will be used to purchase additional equipment and diversify service offerings within the oil and gas industry.
The owner started the business using personal funds but has struggled financially due to the pandemic. As a Hispanic veteran with ten years of military service, the owner feels overlooked and unable to access traditional loans due to poor credit. The business has not previously sought assistance but is now in urgent need due to the challenges posed by COVID-19, offering equipment as collateral for loans.
In terms of competition, the owner faces challenges from three main rivals that operate wireline trucks, which limits their ability to compete effectively. The owner believes that by expanding services and personnel, the business can become more competitive. The company has established a strong reputation for quality and reliability, with loyal customers who prefer their services but are constrained by the lack of proper equipment to meet demand. Securing this funding is crucial for enhancing capabilities and maintaining customer satisfaction.
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General Information
Business Registration Number: 45-4850743
Location: Weatherford, TX, United States
Length of Operation: 9
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Expand and help with COVID19
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Business Plan
I'm planning to buy more equipment in different other services. So I can offer services in many other categories in the oil and gas industry. I started my company with on my money, but with this COVID19 have hit me hard. As a minority, seems like I'm not getting help. I"m a Hispanic that have served my country for 10 years and fought in two wars, and i can't get a SBA loan cause my credit is bad. I have never asked for anything, but this COVID19 has affected me and my company in many ways. I have equipment to put for loan.
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Self Identified Competition
My 3 top competitors has wireline trucks, and that what hurts me. If i can supply more services and personal, I can compete with these companies. I have made a good name with excellent work ethics. My loyal customers hate using another company, but without proper equipment I can't do a good job for them.
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Contact Applicant
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