SPHMR | Application Preview
The government grant application from SPHMR outlines a strategy to use the funding for various purposes, including marketing, advertising, production development, packaging supplies, and storage supplies. The business aims to establish a consistent production pace for both its women's and men's lines within five years, expanding beyond just T-shirts to enhance brand awareness. Additionally, they plan to maintain a regular schedule for content on their social media and website, keeping customers informed about new developments.
SPHMR emphasizes that as a Black-owned business with a compelling message, it has a unique appeal that attracts customers, especially in a time when many are seeking brands that support change. The application highlights that consumers are often interested in discovering new companies, which positions SPHMR favorably against competitors like Supreme, Diet Starts Monday, and Milano. The applicant believes their strong branding and commitment to social change provide a competitive edge in the retail market.
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General Information
Business Registration Number: 84-411345
Location: North Hollywood, CA, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Marketing Advertising Production development Packaging supplies Storage supplies
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Business Plan
In 5 years we plan to have our women’s line on a steady production pace along with the men’s line with more options other than T-shirts, since that would also help with our brand awareness. With increasing brand awareness another goal is to have our content on our socials and website on a steady schedule as well so the customers will always be updated on everything we have going on. Being that this business is Black-owed with a strong message behind it, the chances of a person shopping with SPHMR instead of another one is highly likely because consumers are always looking for the next new thing, and with so much going on in the world a new company that supports and is all about change, is something we all need right now.
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Self Identified Competition
o Supreme o Diet Starts Monday o Milano In the retail industry, customers make choices based upon being that this business is black owed with a strong message behind it, the chances of a person shopping with SPHMR instead of another one is highly likely because consumers are always looking for the next new thing, and with so much going on in the world a new company that supports and is all about change, is something we all need right now.
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Contact Applicant
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