EM Specialties LLC | Application Preview
EM Specialties LLC is seeking government grants to secure working capital aimed at stabilizing current contracts and reducing finance charges. The company has a solid plan to eliminate the majority of its machinery-related debt within two years, which is projected to increase monthly profits by over $20,000. This financial relief would significantly contribute to the company's growth or investor returns, but immediate assistance is essential to expedite the debt repayment.
The business prides itself on its integrity and high-quality work, distinguishing itself from other small construction firms in Utah. Despite facing competition primarily from companies that benefit from in-house resources and lower pricing, EM Specialties maintains a strong reputation for durable products and meticulous craftsmanship. The company's commitment to quality has earned the respect of industry inspectors, often leading to opportunities to repair subpar work done by competitors. This combination of reliability and excellence in service sets EM Specialties apart in the construction market.
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General Information
Business Registration Number: 824140736
Location: Eagle Mountain, UT, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $1M to $10M
Open to Loans: YES
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Funding Usage
Working capital to cement our current contracts and to lessen finance charges.
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Business Plan
Within the next two years the majority of our debt (machinery financing) will be paid off which will mean an extra 20k+ per month in profit. This will make room for major growth or personal/investor profit but we need help getting there. A major investment allowing for paying off that machinery now would speed up that process. While there are many small construction companies within Utah, we stand apart with the integrity and quality of our work. We have a reputation that will continue to spread.
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Self Identified Competition
The only reason our pricing gets beat in contract award situations is to the companies who have more in house options/savings. Those with their own gravel pits/materials. Like I mentioned, we provide a product that stands the test of time. We don’t cut corners and we are respected by inspectors. We are the ones who get the call to repair others work.
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Contact Applicant
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