Jacobs Corner Bar and Grill | Application Preview
Jacobs Corner Bar and Grill is seeking government grant funding to address financial challenges incurred due to a mandated closure resulting from COVID-19. The funds will be allocated to catch up on outstanding bills, including vendor payments, rent, and utilities, following a significant disruption to operations caused by the pandemic.
The business has recently reopened with limited capacity and is focused on ongoing investments to stabilize and grow. Jacobs Corner Bar and Grill has a successful track record, having been profitable for the past six years, and aims to expand by opening a second location in the future.
In terms of competition, the business faces other local bars and restaurants. However, it stands out due to a loyal customer base and consistent performance, highlighting its competitive edge. The owner believes that support through grant funding will be crucial for recovery and continued success post-COVID.
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General Information
Business Registration Number: 45-4622048
Location: Beverly, MA, United States
Length of Operation: 7
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I will be using the money to catch up on bills. I was closed by governor order on March 16 and I just recently reopened with a limited capacity on July 20. I am far behind with my vendors, my rent, my utilities.
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Business Plan
My plan is to continue to invest in the business and continue to look into opening a second location. I would appreciate and help getting caught up after the covid closure. They should invest in me because i have a successful business that has turned a profit for the past 6 years.
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Self Identified Competition
Locals bars and restaurants in my town. I have a very consistent business with a very loyal customer base.
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Contact Applicant
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