Claim Exchange, LLC | Application Preview
Claim Exchange, LLC is seeking a $50,000 government grant to enhance its marketing efforts through radio and television commercials. The company aims to increase public awareness about its services, which will ultimately help attract more clients. They recognize that advertising costs can be high, but they believe this investment will significantly boost their business by educating the public about asset recovery.
In their business plan, Claim Exchange outlines its strategy for growth, beginning with increasing public knowledge and engagement through targeted advertising. They also plan to create an educational platform to help individuals safeguard their assets from losses related to heirs, bankruptcy, and tax liens. Additionally, they intend to expand their services to large firms, assisting with asset discovery and title research during mergers and acquisitions.
The company emphasizes that funding should be approved because it supports not just their growth, but also the local economy by helping individuals reclaim remnant or unclaimed assets. They argue that many people work hard yet still struggle financially, and their mission is to return money that rightfully belongs to them.
Claim Exchange identifies its main competitors as Assets International, LLC and Dilks Knopik, LLC, but claims to have several competitive advantages. First, their tech-savvy partners collect and manage their own data, giving them a vital edge over competitors who do not possess similar information. Second, unlike their competitors who recover assets on behalf of clients for a finder's fee, Claim Exchange purchases these assets directly, simplifying the process for clients and eliminating potential delays. Finally, their extensive experience has led to strong legal agreements that ensure clients receive their payments promptly when assets are purchased.
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General Information
Business Registration Number: DL228773
Location: Vermillion, SD, 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: NO
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Funding Usage
This funding will be used to market our company via radio and television commercials. We know that advertising can get extremely expensive; however, we project that our advertisements will improve our success rate significantly as our biggest challenge is a lack of public knowledge in this space. Funding of $50,000 will bring in more clients, allowing us to invest more into our reach to the public and consequently bringing in more clients.
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Business Plan
While we have had some success in our first full year of business, our plan to grow begins with public knowledge and education, which is why we have produced radio and television advertisements make individuals more receptive to our business model. Next, we will develop an education platform to help individuals to prevent losing their assets, whether that be in heirships, bankruptcy, tax liens, etc. And finally, we will grow to offer our services to large firms to do asset discovery and title research with their mergers and acquisitions departments. Investors should invest in Claim Exchange because Claim Exchange is investing in our people and our economy. There are several billion dollars in remnant/unclaimed assets that belong to people, and our mission to put this money back into the pockets of the people that keep our economy strong. People are working hard and still struggling, so the least we can do is offer them what is rightfully theirs.
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Self Identified Competition
Our top competitors are Assets International, LLC and Dilks Knopik, LLC. We have 3 main competitive advantages over our competitors: 1) The partners of Claim Exchange have a background in tech, so we accumulate and house our own data that give us an advantage over our competitors who do not have the same information (we know this because they have already offered to purchase our data, in which we declined). 2) Our competitors represent their clients as they recover their remnant/unclaimed assets, meaning they are limited to making only the finders fee that is set in any given state. Claim Exchange purchases these assets, which avoids the limitation of finders fees and the possibility that our clients do not pay us. This is also beneficial for our clients as they do not get dragged through bureaucratic processes to get their money. 3) Our experience have led to very strong legal documentation to ensure that when we purchase assets, they will be paid out.
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Contact Applicant
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