MK SUPPLY | Application Preview
MK SUPPLY is seeking government grants to support its efforts in expanding high-speed broadband access. The requested funding will cover essential equipment and startup capital for employee salaries, totaling $192,000, which breaks down as follows:
- $120,000 for a drill to bore under roadways
- $6,000 for a trailer to transport the drill
- $6,000 for electronic utility locating tools
- $60,000 for a truck to tow the equipment
The business plan emphasizes acquiring more equipment and hiring additional crew members, which will enable the installation of high-speed broadband connections to homes. Once this infrastructure is in place, MK SUPPLY intends to pursue cable maintenance contracts with service providers.
The need for this funding is underscored by the goal of bridging the digital divide, ensuring that every household is connected to high-speed internet. While larger companies are responsible for building infrastructure, many homes remain unconnected. MK SUPPLY aims to address these "last mile" connections that larger firms have overlooked.
In terms of competition, MK SUPPLY faces challenges from larger companies that rely on subcontractors for similar work, positioning itself among small businesses. Its competitive advantage lies in its deep industry connections and experience, as it is a second-generation company led by a fourth-generation small business owner. This background provides significant insights and relationships that can facilitate growth and execution of their plans.
-
General Information
Business Registration Number: MK SUPPLY
Location: Dunkerton, IA, 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
-
Funding Usage
equiptment needed and startup capital to pay employees $120000 Drill to bore under driveways and roads $6000 Trailor for the drill $6000 Electronics for utility locating $60,000 Truck to tow the equipment
-
Business Plan
I plan on getting more equipment and hiring employees. I need equipment and tools for each crew member. The more crew members I have, the more high-speed broadband that will get installed. Once all homes have high speed broadband, I'll have the opportunity to bid on cable maintenace jobs through the service providers. This country needs to bridge the digital divide by bringing high speed broadband to every home. The larger companies are building the systems, but every home needs to be connected to the system, and that's what my company is doing. The large companies that build the cable systems have failed to connect all homes; my business will be able to assist in making these last mile connections.
-
Self Identified Competition
Larger companies hire sub-contractors to do this work, so my competitors are small companies like mine. I'm a second-generation company working in the industry. I'm a fourth-generation small business owner. I'm well connected in the industry and know many of the larger players.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
