MG GOMEZ APARTMENTS GEN PTR | Application Preview
MG Gomez Apartments Gen Ptr is seeking government grant funding to enhance and maintain their apartment complex. The funds will be utilized for significant upgrades, including the installation of four new A/C units, a full remodel of a long-vacant unit's flooring, kitchen, and restroom, as well as foundation repairs and updates to another unit's kitchen. Additional improvements will focus on water heaters, window repairs, and upgrades to the parking area and water meters.
The business aims to grow by ensuring high tenant satisfaction and expanding its property portfolio to develop more apartments. This growth will also create job opportunities for vendors and maintenance staff, supporting the local economy.
Approval of funding is justified as MG Gomez Apartments is a family, minority, and women-owned enterprise dedicated to providing secure housing for families. With future plans to expand, they also intend to contribute to the community through job creation and educational scholarships for youths when financial conditions allow.
In terms of competition, the business faces challenges from larger, commercially owned apartment complexes and private rentals in the area. However, their unique position as a locally rooted, minority women-owned business sets them apart. They prioritize understanding and catering to the needs of families and minorities, aiming to offer quality housing and job opportunities that reflect the values of the community where they operate.
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General Information
Business Registration Number: 85-1974011
Location: San Antonio, TX, United States
Length of Operation: 6
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
The funding usage will be for updating and maintenance of apartment complex units such as 4 A/C units for inside and out. Unit A complete remodeling of flooring, kitchen cabinets, restroom, etc. which has been vacant for more than 6 months. Unit B kitchen foundation repairs, updating. Water heaters, window repairs, apartment parking complex repairs, and water meters updates.
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Business Plan
We plan to grow our business by providing excellent tenant satisfaction. Purchasing other real estate to build more apartment units and provide job opportunities to vendors, and maintenance employees that can service our business needs. Investors should invest in our Business Partnership because we are a family, minority and women owned business who are visionaries in promoting a secure haven for families to live in. We are a business who plan to expand to promote job opportunities to the community by servicing our business needs in the future. As public educators we also want to be able to give educational opportunities to our youth as well, through educational scholarships once our business finances permit us in the near future.
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Self Identified Competition
Commercially/Investor owned Apartment Complexes. Privately owned Apartment complexes in the surrounding areas. Investor owned real estate Home Renters What makes our business different from our competitors is that we are a minority women family owned local partnership business, who were born and raised in this community. We know the importance of tailoring to the needs of families and minorities. Our business property is located at mostly minority community where we plan to provide equal opportunity services in the form of quality housing and job opportunities.
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Contact Applicant
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