New Source Entergy | Application Preview
New Source Energy is seeking government grants to restructure the company and increase income. The business intends to purchase Generac generators outright for customers, allowing for quicker installations and ensuring financial obligations are met, all while avoiding bankruptcy.
There is a strong demand for home standby generators in South Texas, especially as many customers realize that solar panels have limitations, such as requiring existing power to generate energy. Historically, New Source Energy has been profitable, but sales have declined since the onset of COVID-19.
In terms of competition, many local competitors primarily focus on plumbing and lack the certification to service or warranty Generac systems, which limits their support capabilities. New Source Energy, with its certified technicians, can handle repairs and warranty work in-house, giving it a significant competitive advantage in the market.
-
General Information
Business Registration Number: 5348121930802663
Location: Daisetta, TX, 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
-
Funding Usage
Restructial of the company to bring in a higher income.
-
Business Plan
I plan on being able to purchase generac for the customers out right for faster installs, Pay bills off for more income Get the Company back moving forward without having to file bankruptcy We are in South Texas and the need for a home stand by generator is overwhelming. Customer are finding out that solar panels are not what they were told. Solar penal have to have power to make power. New source energy has profited million of dollars over the years in sales until Covid.
-
Self Identified Competition
The competitors in our area main business is plumbing, These companies can install generacs system but cannot service or do warranty work due to the do not have certification for generac New source has certified technicians to perform repair,warranty work to generac generator which our competitors has to find some one to sub out the work.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
