Decades Revisited Vintage Mall | Application Preview
Decades Revisited Vintage Mall is seeking government grants to refinance short-term capital loans that have impacted cash flow. They are preparing to expand their business, almost doubling their space, with a new 7-year lease just initiated. The expansion is set to open next month, and the business is experiencing rapid growth.
They acknowledge that taking out short-term loans was not the best decision but felt it was necessary at the time. The mall faces competition from other local antique malls, like The Rink Gallery, but stands out as a family-owned, minority-operated business that is well-respected in the community. Their strong business model has earned them positive feedback from both customers and peers, reinforcing their approach to running the business.
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General Information
Business Registration Number: 83-3469861
Location: Yukon, OK, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
We recently obtained some short term capital loans to help fund an expansion. We are opening up the expanded space next Month. We would like to refinance or pay down those loans. The short term is hurting our cash flow.
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Business Plan
We are nearing the completion of our expansion which almost doubles our size. We have a new 7 year lease. We are growing fast. We have a great business model and it’s working well. It was a bad business choice to take out the short term capital loans but felt like it was all we could do at the time.
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Self Identified Competition
Other antique malls in the area such as The Rink Gallery. We are a family, minority run business. We are highly respected by our peers and customers. We’re told often that we are doing it right.
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Contact Applicant
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