M TENN LOGISTICS INC | Application Preview
M TENN LOGISTICS INC. is applying for government grants to support the expansion of its flatbed commercial operations. The funding would facilitate the addition of another commercial vehicle, which would ensure better management of costs, overhead, and maintenance as the company prepares for growth in Tennessee and across the United States.
The business seeks to leverage the knowledge and experience gained over nearly five years in the trucking industry to enhance its operations. The plan includes onboarding new employees and maintaining fair business practices with clients, aiming to establish strong relationships within the commercial sector throughout the nation.
The application argues for funding approval by highlighting the founder's journey from owner-operator to successful business leader within a short timeframe. Starting in 2018, the founder obtained owner-operator status by 2020 and has generated over $300,000 in gross revenue over the past two and a half years, despite facing significant overhead costs. The additional funding would enable further development of the flatbed business.
In the competitive landscape, M TENN LOGISTICS INC. faces established companies like Jordan Carriers, P&S Transport, and Nova Trucklines. However, the founder believes that all competitors contribute to bolstering the economy, and reaching their level of business would be a significant achievement. The trucking industry is vital for commerce, and M TENN LOGISTICS INC. positions itself as an essential player in this essential sector.
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General Information
Business Registration Number: 87-3605745
Location: Memphis, TN, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
To possibly expand in my flatbed commercial operation. Also, adding another commercial vehicle to the company. Having more security and assurance to all of the cost, overhead and maintenance build up. The opportunity to invest in a additional way towards M TENN LOGISTICS INC and its growth to Tennessee and the United States.
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Business Plan
The experience, knowledge, and wisdom I have accrued over the near 5 years in the trucking industry. I plan on transitioning it thoroughly through my company, new employees, abs conducting good business to receivers and shoppers. Doing fair business with recipients and those in need of commercial transactions throughout the United States. My opportunities in this business are almost unlimited. I have been blessed to become a owner operator in 1 year in 10 months only in trucking experience by year 2020. I started commercial trucking in 2018. In 2022, now the month of November, I have been a Owner Operator for 2 complete years. I've bought a new transmission for my truck and a new radiator. Only stating that to give examples of my fortitude and responsibility in only 5 months having a 2015 truck in 2020. I've been able to do fairly well on my own leading up to my third year as a owner operator. In these two years and a half, I've grossed over 300,000 dollars, but the overhead eliminates over 60 percent of that gross. So, with additional help and funding can help continue the growth and development of my flatbed business.
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Self Identified Competition
Jordan Carriers, P&S Transport, and Nova Trucklines Those guys mentioned are actually already established in flatbed trucking. Honestly, just to reach near their level of business will be awesome! Trucking is more essential to the economy as a whole, so competitors are not only that. But, in a weird way we're are kind of a team to help America commerce thrive.
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Contact Applicant
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