MPP | Application Preview
The MPP business is seeking government grants to fund their expansion into metal machining using CNC machines. The total investment needed is approximately $35,000 for an entry-level CNC machine, which would enable them to increase business and consider hiring additional staff.
The business plan focuses on transitioning into metal machining, a field that is currently in high demand in the local market. The applicant emphasizes a careful growth strategy to avoid financial pitfalls, stating they have reached a point where expanding services is viable and necessary.
Competitive analysis reveals that the main competitors are larger 3D printing companies that charge significantly higher prices. The MPP business believes it can leverage its agility and low overhead to offer comparable quality at lower prices and faster turnaround times, thus providing a competitive advantage in the market.
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General Information
Business Registration Number: 00000
Location: Batavia, OH, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
I am trying to expand my business into machining metals with CNC machines. I am looking to obtain an entry level professional CNC for ~$35000. This would secure much more business for me going forward and allow me to potentially hire someone to help me.
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Business Plan
I will be moving my business into machining metals which is much more mainstream and in high demand in my area. I am developing my business slowly and carefully to not over reach and over spend before the demand is truly there to sustain the expansion. I am at a point where I can now move into machining in order to provide a wider range of services.
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Self Identified Competition
Currently my competitors are large 3D printing companies that charge at least double what I am able to charge to obtain similar quality parts. I am much more nimble and my overhead is very low. As a result I can provide same quality parts for less and usually the turnaround time is much quicker too.
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Contact Applicant
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