McBerg Inc | Application Preview
McBerg Inc. is seeking government grants to address significant losses totaling $195,000 over the last two years, which threaten the sustainability of their operations and the jobs of their employees. Located in a vibrant area of Arlington, Texas, the business is part of a growing hospitality sector and is actively engaged in community initiatives to enhance tourism. Recently recognized by the Arlington Chamber of Commerce as the Best Woman Owned Business, McBerg Inc. is committed to promoting local tourism and hospitality.
With 25 years of experience, McBerg Inc. aims to uphold its strong reputation despite the substantial challenges faced since the onset of Covid. While they've utilized SBA loans and PPP grants to stay afloat, rising staffing and operational costs continue to pose difficulties.
As a boutique hotel featuring Arlington's top dining option, McBerg Inc. occupies a unique niche in a market dominated by larger hotels and entertainment venues. Their commitment to exceptional customer service and a distinctive atmosphere sets them apart from competitors like Lowes Live, Drury Hotel, and Holiday Inn. Although they have made progress in recovery, securing additional funding is critical for maintaining the level of service and quality that their customers expect.
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General Information
Business Registration Number: 75-2711243
Location: Arlington, TX, United States
Length of Operation: 11plus
Number of Employees: 26-50 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $1M to $10M
Open to Loans: NO
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Funding Usage
We have had losses of $195,000 over the past two years and need this revenue to maintain our business and keep our employees to provide service for our customers
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Business Plan
We are located in a dynamic area of Arlington, Texas and the hospitality industry is expanding significantly. We are involved in multiple community endeavors to fulfill the needs of travelers coming to our town. We recently received an award from the Arlington Chamber of Commerce for Best Woman Owned Business and our staff are participating in multiple city-wide endeavors to promote tourism and hospitality venue. We have been in business for 25 years and are working hard to keep our business afloat and keep our hospitality reputation in the forefront of the tourism industry. Our losses since Covid have been significant, but we have kept our business afloat with SBA loan and PPP grants, but we are still struggling to keep up with the increasing costs of staffing and expenses.
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Self Identified Competition
We are a small boutique hotel with the finest dining restaurant in Arlington. We are a niche market in a city that has large hotels and sports and entertainment venues but no other facilities offer the highest quality of customer service that we provide. The other hotels are Lowes Live, Drury Hotel, Holiday Inn. We offer the best customer service in our city and we have the finest restaurant in Arlington. As a small hotel, spa and restaurant, we strive to provide a unique atmosphere that is unparalleled in our market. We were able to stay afloat with the help of PPP and we are starting to rebound, but our staffing needs to provide this service are difficult to maintain.
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