1956 Eastern llc | Application Preview
The 1956 Eastern LLC grant application outlines the business's plans for using government funding to renovate two storefronts and the apartments on the second floor. The applicant believes that these renovations will enable the business to thrive by offering affordable retail and living spaces in a prime location in Grand Rapids, MI.
The applicant has pursued their dream of owning commercial property for the past five years and currently owns the building outright. They emphasize the strategic location of their property in one of the busiest corridors of the city, which is a significant factor for potential growth.
The application addresses competition, noting that major players in the market, such as Devos and Rockford Construction, dominate the field. The applicant believes there is still room for smaller entrants in the real estate development market. As a minority woman striving to establish herself in this industry, she seeks financial support to enhance her visibility and success in the local real estate scene.
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General Information
Business Registration Number: 83-1231711
Location: GRAND RAPIDS, MI, 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
The funding would be used to renovate the remaining 2 storefronts and the apartments on the second level.
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Business Plan
My business will grow after renovations are complete..leasing affordable retail space and affordable living space on upper units. I have maintained my dream of owning commercial property for the past 5yrs. I own my building out right and I plan to put a very nice piece of property in one of the busiest corridors in my city of Grand Rapids, MI.
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Self Identified Competition
I'm not in competition as the competition is big names such as Devos, Rockford Constructon, The Link, Community Rebuilders. I just believe theire is a rightful place in the Real Estate Development Arena for me. My competitors have already made a name for themselves here in the area market. I'm a minority Woman that has been trying to break into the real-estate industry for quite some time, I'm finally in it and it would be great to have the financial backing to become a big name in the real-estate world here in my town.
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Contact Applicant
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