LSF FINANCIAL SERVICES | Application Preview
LSF Financial Services is seeking government grants to maintain operations in the community, ensuring that employees are paid and essential costs such as rent, utilities, and software subscriptions are covered. The business plans to expand its services and open an additional location to better serve the community.
Approval of this funding is justified as LSF Financial Services plays a vital role in the neighborhood by providing quality assistance with insurance, tax preparation, document notarization, and money transfers. These services are not only convenient but necessary for residents.
In terms of competition, LSF faces established companies like Allstate, State Farm, and H&R Block. However, LSF distinguishes itself through superior service, affordability, and a welcoming environment for individuals who have faced difficulties obtaining insurance due to their driving records or residential areas deemed high-risk. By offering these critical services, LSF helps residents access transportation necessary for work and daily life, addressing a significant gap in the market.
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General Information
Business Registration Number: 3289797
Location: E. Norriton, PA, 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
To keep the business open in the community so we can pay our employees, rents, utilities, subscriptions and software
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Business Plan
Increase our services and open another location Because we are a community business that offer quality service in the Neiborhood and people in the area has a place where they can go to buy insurance, get their taxes done, notarized their documents, make money transfer, etc.
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Self Identified Competition
Allstate - State Farm - H&R Block Better service, affordable price, and people in the community can find a place to buy insurance when they got turned down by the top companies because of their driving records and zip codes they consider as red flags. Because if they cannot find insurance, they won't get transportation to go to work and to do their daily activities
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Contact Applicant
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