Broadreach Staffing Solutions LLC | Application Preview
Broadreach Staffing Solutions LLC is seeking government grant funding due to a slowdown in hiring caused by the current economic downturn. While the company previously experienced a growth rate of 30% and successfully navigated the challenges of COVID-19 with assistance from a PPP grant and an EIDL loan, current conditions have placed significant strain on its operations.
The business aims to sustain its growth through its established model while also expanding into contract recruiting to meet the increasing demand for temporary employees. Broadreach Staffing Solutions believes that recruiting agencies play a vital role in the economy by making the hiring process more efficient and effectively matching candidates with employers.
The company competes with larger firms such as Robert Half, Adecco, and Kelly Services but sets itself apart as a small business staffed by seasoned professionals from relevant industries. This background enables them to better understand client needs and foster successful placements. The firm emphasizes its commitment to personalized service, significantly enhancing the likelihood of achieving a successful fit between candidates and businesses.
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General Information
Business Registration Number: 46-4014757
Location: Marshfield, MA, United States
Length of Operation: 6-10
Number of Employees: 11-25 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $1M to $10M
Open to Loans: NO
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Funding Usage
The downturn in the economy has been difficult. Our growth rate was at 30% in the past few years. We survived COVID with the PPP grant and an EIDL loan. In the current environment, however, there is a slowdown in hiring due to the economy that is severely affecting our business. We believe we are an asset to the economy due to helping both clients and candidates find a match that helps keep businesses rolling.
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Business Plan
We plan on maintaining our growth rate with our current business model as well as expanding into contract recruiting. Many businesses are moving toward temporary employees on contracts, and we intend to support this business. We believe that recruiting agencies can benefit the economy by streamlining the hiring process and finding candidates for employment that are well-suited for the business in question. We dedicate our time to the process and can find employees faster and more efficiently than internal recruiting employees, who are often individuals with multiple roles in HR.
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Self Identified Competition
Robert Half Adecco Kelly Services We are a small business. We are different because our practitioners are all seasoned professionals who have retired from previous careers, and now are recruiting in those specialty industries. We take the time to get to know our clients, thereby increasing the probability of a good fit.
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