Mid-Con Enterprises LLC | Application Preview
Mid-Con Enterprises LLC is applying for government grants to fund a significant equipment purchase aimed at enhancing profit margins by 20%. The company's strategy includes more strategic purchasing of materials and expanding the equipment range to cater to a broader customer base. Over the next five years, they anticipate hiring more employees and increasing customer satisfaction.
The application emphasizes that although the company does not necessarily need the funding, it would expedite their growth and enable them to contribute positively to their community and government more quickly.
In terms of competition, Mid-Con acknowledges players like ESP, LLC, GPS, and MILLER ESP, highlighting their willingness to embrace competition as a means of growth. The business has been operating with minimal initial investment, relying on customer payments to maintain cash flow for nearly nine months. Securing this funding would alleviate the stress of managing invoices and allow them to compete more effectively against established rivals.
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General Information
Business Registration Number: 822825143
Location: Chandler, OK, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $250k to $500k
Open to Loans: NO
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Funding Usage
We would purchase a large equipment order to improve margins by 20%.
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Business Plan
We plan on purchasing material more strategically to raise margins as well as develop the equipment we offer to provide for a larger range of customers. In 5 years, we hope to have more employees and lots of happy customers. As we services the oil and gas industry with a contact book that looks like ours does, we know we will be here for a long time and we don’t need this money. It will just get us there a little quicker, giving us the opportunity to pour back into our community and our government a little sooner.
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Self Identified Competition
ESP, LLC GPS MILLER ESP We love our competitors. They keep us focused and challenged. We are starting this on very little upfront money, trusting our customers to pay their bills on time. For going on 9 months now, it has worked. Getting this money means less stressing about each and every invoice. My competitors don’t have that worry, they are well established for years now and we need the edge of this extra money for an equipment order to stay in the game.
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Contact Applicant
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