Tater's Archery | Application Preview
Tater's Archery is seeking government grant funding to stabilize its operations and prevent bankruptcy. The funds will be used to settle outstanding invoices and facilitate hiring quality staff, enabling the business to thrive and better compete in the archery market.
The business plan includes expanding into a larger facility with a full indoor range and obtaining national certifications to teach and coach archery. A key goal is to integrate archery into local school programs and provide sponsorship for these initiatives.
The applicant believes funding approval is justified due to their relentless determination and perseverance. Despite numerous setbacks and rejections during the initial startup phase—after a 15-year career as a union ironworker—the individual successfully established the business, signing over 300 contracts. Recent challenges have strained the business financially, as unpaid accounts have created significant setbacks.
To regain footing, the applicant emphasizes their commitment to customer service and integrity, vowing to only promote products they would personally use. They actively engage in ongoing training to enhance their knowledge of the sport. The applicant seeks one more opportunity to recover and assures that they have learned valuable lessons from past experiences, promising accountability and a successful partnership. They thank the reviewers for their consideration.
In the current competitive landscape, Tater's Archery faces challengers like Amazon, eBay, Bass Pro, and Cabela's but believes its customer-centric approach and commitment to quality will set it apart.
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General Information
Business Registration Number: Tater's Archery
Location: Holladay, TN, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
Catch up all invoices. Get everything back inline and running smooth. It would prevent from closing the doors and filing bankruptcy. Would allow me to hire back good help and give me chance to establish a solid foundation to compete against all the other companies.
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Business Plan
With expanding building to include a full indoor range. Working on getting my National Certifications to teach and coach archery. Overall goal is to get archery in the local school system and to help sponsor the program. Because i'm a very stubborn and hard headed induvial that refuses to quit regardless of how many times everyone tells me that I won't ever make it or can't do it. I started with nothing but a passion and after 15 years or being a union ironworker and hitting shutdown after shutdown. It finically provided me with a chance to open my shop. I invested everything i had into it and spent countless hours on the phone trying to persuade these companies into giving me a chance. Finally after six months of being told no, hung up on, laugh at, or not even responded back to i finally caught a break and was giving a shot. since then I have signed over 300 contracts and built my business up to tis point. And the reason I'm applying for help to be honest is because the more I grew the more people pretended to care and I was always the type that a hand shake and a mans word was just the same as a signed contract. And as i have come to learn the hard way after setting me back over twenty grand in charge accounts i come to learn that times are not what the use to be and I about let it completely sink me and my business. Now with all the fees and everything and trying to recover at the down time of the year is almost impossible. I never gave up and don't plan on it any time soon. And if by chance someone would be kind and willing to give me one more chance and help me get back into the game for one more shot i promise you this, lessons are learned and ?I don't make the same mistakes twice. You will not regret helping me. Thank you all so much for your time and consideration.
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Self Identified Competition
Amazon, EBay, Bass Pro, Cabela's I will go to what ever means necessary to help my customers. I will not lie to them to sell a product and if i wont shoot it myself i am not going to try to talk anyone else into it. I study and train year around on everything that is involved in the sport. If i don't know the answer i will find it out.
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Contact Applicant
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