Spectrum Dynamics, Inc | Application Preview
Spectrum Dynamics, Inc. is seeking government grants to secure funding for payroll, marketing, and distribution over the next few months. Specifically, they are requesting $30,000 for payroll, $143,000 for marketing and sales, and another $30,000 for distribution and logistics.
The company aims for a growth target of 20% in the next two years, planning to expand its market to include commercial customers by the second quarter of 2021. By late 2021 and into 2023, they intend to broaden their service area from Houston to other major Texas cities like Dallas, Austin, and San Antonio. By the end of 2024, they aim to extend their reach to states such as Florida, Michigan, and South Carolina, focusing on regions with poor water quality to achieve a more ambitious growth target of 35%.
The founder emphasizes her qualifications as a minority woman with an MBA in Strategic Business Management and Finance. She believes in her company’s strong commitment to providing clean drinking water to all demographics, regardless of socio-economic status. The business plans to invest in fellow small enterprises and create 7 to 10 jobs by 2021, with potential for additional job creation as they grow.
In a competitive landscape that includes companies like Aquasana, Dupur, and Everpure, Spectrum Dynamics distinguishes itself through a concierge service model. This involves educating customers on the benefits of clean water, assisting them in choosing the right products, and coordinating system installation for a more personalized experience.
-
General Information
Business Registration Number: 32-0579746
Location: Katy, TX, United States
Length of Operation: 2
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
-
Funding Usage
Funding will be used to cover: Payroll for the next 3 months: $30,000 Marketing and sales for the remainder of 2020: $143,000 Distribution and Logistics for remainder of 2020: $30,000
-
Business Plan
We have a growth target of 20% in the next 2 years This is a robust expansion plan as we plan to expand our target market to include commercial customers by Q2 2021. By Q4 of 2021 and Fiscal years 2022 through 2023, we plan to expand our territory beyond Houston into other areas of the state of Texas: Dallas, Austin, San Antonio By end of Q4 2024 and fiscal year 2025 we plan to expand into other states such as Florida, Michigan and South Carolina. These are areas with poor water quality, to hit our target growth of 35% I am a savvy small business minority woman with an MBA in Strategic Business Management and Finance. We have a solid plan and interest to serve the community by making available clean healthy, safe drinking water to all individuals, regardless of socio-economic class. We project to invest in other small businesses to grow the economic foundation of America and also provide at least 7 to 10 jobs by 2021 and continue to add more job creation opportunities as we continue our growth expansion plan.
-
Self Identified Competition
Aquasana Dupur Everpure We are different from our competitors in the way we offer a concierge service to our customers. We assist the customers by first educating them on the benefits of clean water, we help them with the selection of the right product and then we help with the coordination of the system installation
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
