Nature's Jewels | Application Preview
Nature's Jewels is seeking government grants to address several financial challenges and enhance its operations. The funding will primarily be used to catch up on rent, pay off an outstanding SBA loan from the COVID-19 pandemic, cover employee salaries, reduce credit card debt, improve security with a new camera system, renew website subscriptions, and restock inventory.
The business plan focuses on marketing and expanding lapidary and metalsmithing services, hosting sales events, and offering educational programs. Nature's Jewels aims to educate the public about various geological materials, create custom jewelry, and provide a safe space for exploration and creativity. The company also supports schools with geology-related events and offers educational discounts.
Despite facing competition from international markets and larger platforms like Amazon, Nature's Jewels distinguishes itself by providing custom cutting and polishing services, unique jewelry-making techniques, and value-added educational offerings. This competitive edge positions the business to thrive in a challenging landscape.
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General Information
Business Registration Number: Nature's Jewels
Location: ANCHORAGE, AK, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
Using to catch up on rent $3,115 per month. (Behind at least 2 months). Paying off $8,000 left is SBA loan debt from Covid19 Epidemic. Paying Employees. Pay off $3500 in credit card debt. Increase security from theft, including an updated camera system. Renew Subscriptions and Accounts for Website. And restocking a few things for the store if anything is left.
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Business Plan
Marketing, expanding our lapidary and metalsmithing services, having sale events, and educational services. We pride ourselves on educating others about rocks, stones, Crystals, Fossils, meteorites, and other gems of Earth. We make (or repair) custom Jewelry and home goods for customers for special events and for their loved ones. We provide a safe space for people to work and for others to explore nature's amazing wonders. We assist schools during educational events regarding geology and provide educational discounts.
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Self Identified Competition
Indonesia and China make many of the same goods that we make, but for a fraction of the cost, which makes it hard to be competitive. Amazon always has better pricing. Local competitor would be Stars of Alaska. We offer custom cutting and polishing Lapidary services, as well as custom Jewelry using several different methods. We also offer educational services and discounts.
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Contact Applicant
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