J. Nelson Trucking LLC | Application Preview
J. Nelson Trucking LLC is applying for government grants to support the growth of their business by acquiring new equipment for their fleet and managing cash flow challenges between expenses and customer payments. Currently, the owner reinvests all earnings back into the business and does not take a salary.
In the short term, the plan includes purchasing a new dump truck and a semi truck with a side dump feature to enhance operational capacity. Long-term goals involve acquiring various types of trailers, such as a hopper bottom for grain transport and an equipment trailer, to diversify service offerings and create multiple income streams.
The owner emphasizes a strong work ethic and dedication to the business rather than personal gain, highlighting that all profits are reinvested to promote growth. The competition includes established companies like Wendling Quarries, Manatt's Inc, and Preston Ready Mix.
Despite facing competition from larger companies, the business advantage lies in its small size and personal commitment to community partnerships. The owner started the business to provide stable employment for their newly retired father, ensuring flexibility for family time while striving to capture available market opportunities through fleet expansion.
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General Information
Business Registration Number: 756904
Location: Delmar, IA, 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: YES
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Funding Usage
I plan to use the funding to help grow my business by adding equipment to my fleet creating new streams of income. I also plan to use the funding to help bridge the gap between when various costs like payroll and fuel come due and when I receive payment form my customers. I do not take a salary from my company at this time so all earnings are put directly back into growing my business
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Business Plan
My short term plan is to purchase another dump truck as well as semi truck with a side dump to increase the amount of business I am able to do. Long term I plan to purchase more types of trailers to be paired with the semi truck/trucks to expand the types of service I can offer. This would include a hopper bottom trailer for hauling grain and other commodities, an equipment trailer for moving heavy equipment, and eventually expanding into other wide work areas offering multiple income streams without needed special equipment. I am a hard working individual focused on growing my company rather than using money earned for my personal gain. I work a full time job and make enough money to support my living expenses so all money earned through the company as well as some of the money earned personally is put back into the company to ensure and expedite growth.
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Self Identified Competition
Wendling Quarries Manatt's Inc Preston Ready Mix I am a small business in start up stages competing against various other small business owners as well as large corporations with the ability to severely manipulate local markets. As small owners/operators, we rely on being able to work with other small businesses or expand our own fleets to be able to compete with the larger companies in our area. I started my small business as a way to give my father, who is a newly retired Iowa State Trooper of 32 years, a job with steady income yet flexibility in work scheduling to enjoy his retirement with his grandkids. I hope to take advantage of the amount of business available by expanding my fleet to accommodate the size and services required for the work at hand.
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Contact Applicant
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