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February 15, 2025, 2:31 pm UTC

Solid Financial EIN 92-3903738 | Government Grant Application

Solid Financial | Application Preview

 

Solid Financial is applying for a government grant with a total funding request of $75,000. The allocation includes $50,000 for purchasing homes from foreclosure listings and $25,000 for necessary repairs on these properties.

The business plan aims to capitalize on the abundance of available homes due to foreclosures and tax liens. Solid Financial intends to repair these houses and reintegrate them into the market, responding to the growing demand for housing as the population increases. In the next five years, the company also plans to establish a clean-out service and home repair company.

The funding approval is justified by a robust strategy for profitability that ensures loan repayment. The local real estate rehabilitation market presents favorable conditions, with limited competition. Solid Financial distinguishes itself by fostering significant relationships within the industry and has already secured potential buyers and renters to guarantee a quick return on investments.

  • General Information

    Business Registration Number: EIN 92-3903738

    Location: North Liberty, IA, United States

    Length of Operation: 1-5

    Number of Employees: 1-10 Employees

    Annual Gross Income: Less than $100k

    Annual Gross Expense: Less than $100k

    Open to Loans: YES

  • Funding Usage

    $50,000 Will be used to purchase available homes and $25,000 will be used to rep $50,000 Will be used to purchase available homes from the foreclosure listing and $25,000 we be $50,000 Will be used to purchase the available home from the foreclosure listings and 25,000 will be used to make the necessary repairs.

  • Business Plan

    There are unlimited homes available on the foreclosure lists as well as on the tax lien properties listened the goal is to be able to repair these homes and reintroduce them back into the market.The population is expanding and housing will be necessary for rent or purchase. A clean out service and home repair company is next to be put in place in the next 5 years from this very important opportunity. There is a solid plan in place to make a profit to repay any loan that make be given and this is a very good area for real estate rehab.

  • Self Identified Competition

    The market here is not filled with competitors, I will be competing against myself because the market is so large. I have created relationships in the fields that matters the most and I also set up buyers and renters in advance to ensure the immediate return on the investments.

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