Bomaa LLC | Application Preview
Bomaa LLC is seeking government grant funding to invest in a semi-truck and establish a successful dispatching business. The plan involves purchasing a semi-truck with an expected cost of $120,000 to $170,000, plus an additional $10,000 for registration. Through a dispatching company, the applicant anticipates generating a gross income of $8,000 weekly. Once operations stabilize, the goal is to acquire a low boy trailer, increasing gross income potential to between $8,000 and $15,000 per week.
Long-term plans include reaching $1,000,000 in annual gross revenue, hiring drivers, and exploring truck leasing for consistent cash flow. The applicant aims to diversify into real estate by purchasing land and building homes for sale.
The compelling reasons for granting funding include the applicant's commitment to learning and growth within the trucking industry since 2020, leading to the ownership of a box truck. The competitive landscape includes major logistics companies like FedEx and UPS, but the applicant believes that incorporating diverse business ideas will create employment opportunities across various sectors and enhance their competitive edge.
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General Information
Business Registration Number: 872208187
Location: Toledo, OH, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
My plan is to buy a Semi truck(tractor) which would average $120-$170k which I will spend around $10,000 for registration. With that I have a dispatching company that give me loads which I have done some research it would bring at least a gross income of $8,000 a week. After everything starts running well I would go in and buy a low boy trailer which would now give me an opportunity to fully haul heavy loads on a gross pay of $8-$15k a week gross. If all runs well I would come back to box truck with the extra cash I have and get a one year contract with companies like GMC/FORD which would be a guarantee business.
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Business Plan
I believe that once I am on a $1,000,000 gross revenue a year I can come back find a driver for my trucks and then look into truck leasing options for which it would result in more consistent cash flow and then use that money to venture into Real estate which I would buy a land and then start building houses for sell. On my stand I Am someone who is ready to learn and try new things to make my business worth it. I have been in the trucking business since 2020 and I have seen myself growing to buying my own box truck through hardwork. I believe with enough money I would be earning a better return with better equipments.
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Self Identified Competition
In general trucking is a big competition especially with the big logistics companies like fedex, XPO and UPS I have different ideas other than only trucking which I think it would give me a chance to employ people from different sectors to contribute to business.
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Contact Applicant
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