Thanakorn corporation | Application Preview
Thanakorn Corporation, a small Thai restaurant in New Jersey, is applying for government grants to address ongoing financial challenges. The owner started the business during the pandemic, but has struggled with slow sales and rising costs for food ingredients, containers, and utilities. Additionally, a broken vehicle has hindered the ability to supply the restaurant, leading to an urgent need for financial assistance.
The owner has attempted to secure loans from multiple banks but has not received any responses, emphasizing the necessity of government support to alleviate financial burdens and sustain the business.
The business plan includes renovating the restaurant with new flooring and a modern point-of-sale system, as well as hiring both full-time and part-time staff from the local community. This initiative aims to create job opportunities and contribute revenue to the local economy.
Despite facing challenges, Thanakorn Corporation stands out as the only Thai restaurant in town, offering unique and delicious dishes with a focus on cleanliness and quick service, which provides a competitive edge in the market. The owner believes that securing this funding will not only help the restaurant survive but will also positively impact the neighborhood by creating jobs and boosting local revenue.
-
General Information
Business Registration Number: 86-3513944
Location: Elmhurst, NY, 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: YES
-
Funding Usage
I'm the small Thai restaurant owner in New Jersey And I started business in the pandemic, until now my business is very slow and I faced with a lot of difficulty : increasing of food ingredients, food containers, fuel and electric bills and etc. I have more issue now, my vehicle was completely death because of engine broken. I have not enough money to provide a new car. I need a transportation to supply the restaurant. I try to contract many bank for the financial aid but I got no answer. I really need the financial assist from government to continue my business which I can solve and clear my financial hardship. Thank you for your time and your kindly attention.
-
Business Plan
I planned to renovate the restaurant by changing the new floor. Also put new pos system. Hire more full time and part time staffs in the neighborhood. After all fund some money for employees payroll. I will provide jobs to the neighborhood. Such as full time and past time job. Make revenue flow to the city.
-
Self Identified Competition
1. Only one Thai food in town. 2. Food we made are unique and delicious. 3. We have a service mind. We make it clean, fast and delicious.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
