Platinum Black LLC | Application Preview
Platinum Black LLC is seeking government grants to fund the expansion of its business, cover salaries, and manage operational expenses. The company aims to create new job positions, which will not only enhance its operations but also provide opportunities for unemployed professionals, improving their lifestyles.
Since its inception in 2018, Platinum Black has demonstrated steady progress, increasing profits year after year despite initially starting with minimal capital. However, the financial impact of the Covid pandemic severely affected the business, depleting savings and increasing debt to earnings ratio. The owner is now seeking a second chance to promote and grow the business while also contributing positively to the community.
In a competitive landscape that includes limousine services, taxi companies, and private ride-share options, Platinum Black differentiates itself by offering significantly lower prices to customers, even amid rising gas costs. This competitive edge is a key component of the business's strategy for success and sustainability.
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General Information
Business Registration Number: 201825310152
Location: Glendale, CA, 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
expansion of business , salaries expenses, operational expenses.
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Business Plan
I want to develop my business by opening more new positions which would benefit me and also a few unemployed professionals to improve both my business operation and employees lifestyles. I have been in business since 2018 and have proven progress in business since then. I had a business plan even though I started my business with a very little capital, however I significantly increased my profit year by year. After Covid pandemic I lost most of my savings which was accumulated through those years and my debt to earning ratio was increased. I want to get another chance to promote and develop my business and also help society which would be beneficial both for me and others (employees).
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Self Identified Competition
Limo service, Taxi services, private ride-share services I am running my business by lowering my customers significantly lower prices despite of gas prices being high.
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Contact Applicant
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