Inm industrial solutions | Application Preview
Inm Industrial Solutions is seeking government grants to alleviate financial burdens and improve operational stability. The funding will be used to pay off high-interest credit card debts, cover vehicle maintenance and repair costs, purchase bulk fluids like engine and transmission oil, and create a financial cushion to reduce reliance on credit cards.
The business plan includes hiring two new employees, although growth has been hampered by the impacts of COVID-19.
The justification for funding approval emphasizes the company's critical role in providing timely and accurate repairs and maintenance on crucial equipment for the local, state, and federal economies. Approximately 95% of the work focuses on construction and fabrication equipment, contributing significantly to tax revenues through the services rendered.
Inm Industrial Solutions faces competition from companies such as Burns Equipment, All Lift, and Towlift. However, its competitive advantage lies in its small size and agility, allowing for quicker response times and more cost-effective services. With over 30 years of experience, the owner has built a strong reputation for quality workmanship, instilling confidence in customers regarding the outcomes of repairs.
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General Information
Business Registration Number: Inm industrial solutions
Location: Parma, OH, United States
Length of Operation: 6-10
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
To pay off high interest credit cards, service vehicle maintenance and repair,purchase of bulk fluid( engine oil,transmission fluid) and to provide capital cushion so not to use credit cards.
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Business Plan
To hire two employees, was going but covid hits I provide accurate timely repairs and maintenance on equipment that is vital to local ,state and federal economy, 95% of the equipment repaired is for construction equipment and fabricating equipment which in turn provide a large tax collection in the services that they preform.
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Self Identified Competition
Burns equipment All lift Towlift Company is small and nimble, able to arrive in a quicker time, accurate and cost effective due to my labor rate doesn't have the overhead and been in this business for over 30yrs ,the customer is confident in my abilities and out come of the repairs made.
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Contact Applicant
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