Kool Lemonade | Application Preview
Kool Lemonade is applying for government grants to address several financial challenges stemming from the impact of COVID-19. The funds will be used to pay overdue bills, restock inventory, and settle debts with employees. The business experienced significant setbacks after some staff members contracted the virus, which affected operations.
To revive the business, Kool Lemonade has developed a plan to attract more customers by promoting its unique exotic drinks. The owner intends to invest in heavy advertising to regain momentum lost during the pandemic.
The application emphasizes the strong turnover rate of the business, showcasing resilience despite recent obstacles. Kool Lemonade stands out in the market, claiming to offer services that are not available elsewhere, which contributes to its competitive advantage. The owner believes that the business is pioneering in this untapped market, setting itself apart with its innovative product offerings.
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General Information
Business Registration Number: 85-3741241
Location: Cleveland, OH, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
Catching up on overdue bills,restocking inventory and paying my debt to my employees. My business has suffered tremendously due to covid 19. Myself and a couple of my employees came in contact with the virus and it effected the business greatly.
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Business Plan
Plan on getting more costumers to adopted my exotic drinks and i plan on advertising quite heavily to grow and to put up where i left off before covid 19. My business has a pretty good turn over rate despite the obstacles that has been thrown my way. I am very ambitious and determined towards getting my business back on track. I provide services no one else offers and i do very good at it.
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Self Identified Competition
I have none. This business is an untapped market. This is why my turn over rate is awesome. I believe i am the first person in my area to provide the kind of exotic drinks and other services I provide.
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Contact Applicant
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