QL RENTALS LLC | Application Preview
QL RENTALS LLC is seeking government grant funding to improve a four-unit building located just outside the historical area of Irvington, Indiana. The owner intends to use the funds to enhance these units, which are situated in a rapidly developing neighborhood. By making these improvements, the owner anticipates that the units will be rented out quickly, providing a much-needed boost to her income.
The business plan emphasizes a focus on maintaining the current scale rather than seeking expansion. The owner has been managing these rental units for five years, but they have not generated income during that time. As a single woman, she manages the properties with the assistance of a helper, reflecting her commitment to the business and community welfare.
The owner brings a wealth of experience, having worked in the banking sector for over 25 years, and she has invested in rental properties to support her family, including her adopted grandchildren. She expresses a strong desire to stop incurring expenses due to the underutilization of the property and to contribute positively to the community by transforming the space into viable rental units. There are no specific details on competition or competitive advantages provided.
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General Information
Business Registration Number: 82-2690828
Location: Indianapolis, IN, 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: NO
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Funding Usage
As explained on previous page, this money would be completely put into this 4 unit building which sets just on the outside of the Historical area of Irvington in Indiana. The neighborhoods are up and coming and these units would rent out right away, which would help me so much with my income.
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Business Plan
I do not wish to grow anymore than I am. I am a single woman and myself and my helper are the only ones that work on my rentals. I have own these units for 5 years and they are just sitting not bringing in any income or helping the community I worked in the banking industry for over 25 years. I started buying my own rental properties to help with income and raise my grandchildren, which I adopted 7 years ago. I am a smart and honest woman who just wants to stop wasting money on this 4 unit with no income coming in.
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Self Identified Competition
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Contact Applicant
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