Linco Water Services Well Pump | Application Preview
Linco Water Services Well Pump is seeking government grants to address financial challenges. The funding will be primarily used to pay outstanding taxes that accumulated during a closure, as well as to settle overdue invoices and replenish inventory.
The business plan focuses on increasing rental income by 100 units each year, with plans to send reminders to customers to ensure timely service.
The owner shares a personal journey with Linco, having started as a volunteer and eventually purchasing the business, which has been operational since 1960. The ongoing communication with customers reflects a strong commitment to service.
Linco faces competition from companies interested in acquiring them due to their significant rental business and exclusive Department of Natural Resources license in the well pump field. A key competitive advantage for Linco is their well contractors license, which requires extensive training and experience that none of their competitors possess. This specialized expertise positions them uniquely in the market.
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General Information
Business Registration Number: 81-4720107
Location: Marion, IA, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: $500k to $1M
Annual Gross Expense: $100k to $250k
Open to Loans: NO
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Funding Usage
pay all of taxes owed that buonced when we were closed and account thoumght bills went out didnt happen get inventory pay overdue invoice
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Business Plan
Our rental are Almost half our income i would like to grow by 100 each year get out reminders once again so all the customer it time to service When I walked in that door 10 years I had no clue what a water conditioner. They needed a seratary I voluntered to help on the days off ended up fultime. 2years afterI was at linco I put a down payment on the businesd this busness hasneen open since 1960.When im there i work or when im home customers dont stop calling
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Self Identified Competition
are "competitors want to buy us because of the amout of rentals and we have th e only dnr lisence it the well pump field The difference is between are company and the others is not one of them has a well contractors license which you have to have to have 10k hours training with another contractor and 5 year employment alse go to school get Ceu redts to keep license
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Contact Applicant
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