Rinsed & Reloaded | Application Preview
Rinsed & Reloaded is seeking government grants to repay a home equity loan used for startup costs. This repayment is essential to protect personal assets and alleviate debt, allowing the business to become profitable and stable.
The business plan focuses on offering pick-up and delivery services for laundry, enhancing convenience for customers. Additionally, there are plans to expand by acquiring more buildings and opening multiple locations.
The applicant emphasizes her unique position as a single Black woman under the age of 40, raising four sons while pursuing entrepreneurship. She highlights her journey from a dream to a tangible business, underlining her commitment to representing and inspiring minorities.
While there are three competing laundromats within a three-mile radius, the applicant believes her age, gender, and race provide her with a unique competitive advantage in the market.
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General Information
Business Registration Number: 87-1026741
Location: Arnold, PA, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
To repay the start up fee (home equity loan). This will ensure that my home is not effected nor tied up with business. Also gets me out of debt to allow for the profit to be seen and to help stay afloat.
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Business Plan
To offer pick up and delivery of the laundry, not just dependent on the customer to drop off. To purchase more buildings and open multiple locations. I take pride in being under 40 yrs of age and being a single black woman to four young sons and starting an independent entrepreneurship on my own. I take pride in starting with just a dream and making it happen from the ground up. I represent all people but give specific hope to minorities like myself.
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Self Identified Competition
There are 3 private ran laundromat within a 3 mile or less radius of mine. My age. My sex. My race.
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Contact Applicant
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