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Michael Sloan is applying for a government grant to buy out a tire shop from his boss for $300,000. He has worked at the shop for ten years, moving from employee to manager, and has taken on various roles including janitor, laborer, salesperson, and inventory manager. His boss believes in his loyalty and dedication, encouraging him to take this opportunity despite Michael's initial hesitation due to lack of funds.
Michael has faced significant personal challenges, including the loss of his children, financial instability from child support, and living in motels or cars. Despite these hardships, he remains committed to supporting his family and is determined to succeed as a business owner. He has even applied for grants for other personal issues, such as fixing water damage in his home.
His shop has an advantage over competitors, situated 80 miles away, and attracts a lot of visitors from across the country, who appreciate the service he provides. Michael believes his hard work and resilience make him a worthy candidate for grant funding to help establish a stable business for himself and the community.
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General Information
Business Registration Number: personal
Location: TUBA CITY, AZ, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
buy out tire shop from boss
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Business Plan
plan for keep business open for open wide public. I, Michael Sloan had been ask by my boss to buy out the tire business of about $300,00.00. I told him is don't have to funds. He told me to get a loan. I ask him why me. He said cause I am Loyal. I have done thing to keep shop running. I have started as an employee after 10 years to manager. I manage the shop, am a janitor, equipment labor, sales person, inventory person. I never thought I would be ask for this Position. All I did was work hard for my employers. If there is anyway I can work hard for myself. I would not mine that. With all my bad things that went on in my life. Losing mu kids, in and out of jobs cause of Child support, which I am almost done with. And other stuff. I just did what I had to do to Support my family, even living out of motels or our car. I even applied for grant for my Water damage house, which is still not fix. I have never had it easy. I am one of those thousand that have to just keep pushing. I you Don't think I am a good candidate for any grants. It's ok . I tried. Thanks.
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Self Identified Competition
all my competitors are 80 miles away. trying my best to keep locals near. We get a lot of visitors across the country. they tell me i am there savior. i have no difference.
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Contact Applicant
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