Lance Industries inc | Application Preview
Lance Industries Inc. is seeking government grants to support its efforts in expanding product lines, funding research and product development, and covering operational expenses. The business intends to adopt a slow growth strategy due to limited capital resources. Historically, the company generated annual revenues of 13 million, but the impact of Covid-19 has significantly reduced its capital, hindering the ability to hire additional staff for marketing and production expansion.
Lance Industries serves a diverse range of industries with unique products, positioning itself in multiple product lines. The company emphasizes its competitive edge by highlighting its history of creating industry-leading products and entering new niche markets. These factors collectively strengthen the case for granting funding to help revive and grow the business.
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General Information
Business Registration Number: 55 Industrial circle
Location: N Providence, RI, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $500k to $1M
Open to Loans: NO
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Funding Usage
To expand product lines fund research and product development and pay bills.
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Business Plan
I plan to just grow slow due to lack of capital My company was at one time doing 13 million a year. Covid has reduced capital also no capital to add staff to market products and fund growth w increased production
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Self Identified Competition
We serve many Industries. Our products are unique and we serve many product lines. Our products are industry makers and we carve new niche markets. It's been our history
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Contact Applicant
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