MAG Construction | Application Preview
MAG Construction is seeking government grants to recover from financial difficulties caused by the Covid pandemic. The funds will be allocated primarily to settle outstanding debts, acquire updated tools, enhance employee commitments, and foster growth through advertising, merchandise, and payroll.
The business plan focuses on expanding advertising efforts, hiring more staff, and providing a benefits package to employees, all while maintaining a commitment to delivering high-quality work at affordable prices to customers.
The rationale for approving the funding lies in the progress MAG Construction has made over recent years. The company chose not to accept government assistance during the pandemic but has since faced challenges due to rising costs and decreased budgets. The funding would not only stabilize the business but also positively impact employees, who are seen as family, and ensure the quality of service delivered to both commercial and residential clients.
MAG Construction faces competition from local companies like Hometown Fixer Upper and Owens Construction, which have financial backing and robust operational capabilities. However, the company differentiates itself by prioritizing customer satisfaction and quality workmanship over rapid job completion. The owner emphasizes a commitment to making customers’ visions a reality, addressing urgent needs affordably, and fostering a supportive environment for employees.
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General Information
Business Registration Number: 86-1978521
Location: Youngstown, OH, 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: NO
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Funding Usage
I intend to use this money to get my company back up in good standings due to financial hardship from Covid. I intend to purchase updated tools for the company, invest into my employees long term commitment to the company and potentially grow the company as much as I possibly can. This money will be used to pay off outstanding company debt, invest in new tooling, merchandise, advertisement, office supply’s, and payroll.
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Business Plan
Expand advertisement services, hire more employees, offer a benefit package to employees. Provide inexpensive above quality work for customers. I believe investors should invest in my company because of the progress MAG Construction has made in the last couple years. MAG Construction did not except government funding during the Covid hardship, it is now unfortunate that my company has fallen behind due to increased pricing, employee wages and budget cuts due to the inflation. I believe this money invested into MAG Construction will benefit not only the company but commercial property’s, residential property’s, and also the employees. The employees of MAG Construction are not just employees but family who have invested in the company and may have to look elsewhere and loose the work they put into the company as much as myself. This money puts the company back to good standings and also benefits employees lives as well as a job well done to potential customers.
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Self Identified Competition
Hometown Fixer Upper Poland Ohio, they have investors to front money as needed. Owens Construction, they have the employees , advertisement needed and revenue I believe my business is different than my competitors because I am in the business because I love the work, I love turning a customers vision into reality. I also understand that at times home issues or improvements are not a want but become a priority due to the severity of the issue and with that comes money. I do not believe in charging customers outrageous amounts of money for a problem that could be fixed within a hour of my time but the customer may not have the skills to do. I believer other company’s are focused on how fast they can get the job done because time equals money . I personally work in a way that provides above quality work in a timely manner for a reasonable amount. I am about the customer, my employees, the growth of the company and job done to the best of our ability with a happy customer.
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Contact Applicant
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