Gramlich & Associates Agency LLC | Application Preview
Gramlich & Associates Agency LLC is seeking government grants to enhance their operations and achieve significant growth over the next two years. The funding will be directed toward hiring additional staff, increasing targeted marketing efforts, improving IT equipment, and investing in merchandising and advertising.
The agency's business plan includes expanding its team to include eight licensed service professionals and three customer service representatives, as well as enhancing its offerings in life and health insurance and commercial lines. The goal is to position the agency as a $2 million business within a year.
The application emphasizes the stability of the insurance industry and the agency’s strong product offerings as compelling reasons for funding approval. The local presence in Denver and a strategic storefront location contribute to their competitive edge against other independent agencies and larger competitors like State Farm and Liberty.
In summary, the agency aims to leverage the funding to increase visibility and customer engagement, thereby driving substantial growth in a competitive market.
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General Information
Business Registration Number: 87-4041414
Location: Denver, CO, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
Hire more staff. Spend more in targeted marketing. Expos. Better IT equipment. Merchandising. Ad space and ad agency.
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Business Plan
Get to 8 LSP, 3 customer service people, life and health sales professionals, commercial lines of insurance. All within 2023-2024. We are in a steadfast industry. We have a great product. I need the working capital to get the eyes on our agency to turn the corner to be a $2mm agency in one year.
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Self Identified Competition
All other independent insurance agencies State Farm Liberty Denver Agency We are local to the Denver market with a store front located at what is called “Main and Main”. High visibility and a reputable brand.
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Contact Applicant
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