William Watts | Application Preview
William Watts is applying for a government grant to support the launch of his trucking business, specifically for the purchase of a truck and trailer, as well as covering startup costs like insurance, fuel, titling, and taxes.
His business strategy involves operating seven days a week to haul cattle, leveraging established connections with large local farmers. He also plans to expand his operations to other states to enhance revenue potential. In the next five years, he aims to grow the business further by acquiring an additional truck.
Watts highlights his long-standing experience on his family farm and the relationships he's built in the agricultural community as key reasons to approve his funding request. He emphasizes his dedication, strong work ethic, and desire to fulfill his dream of owning a trucking company, while his father can manage the family farm during this venture.
In terms of competition, Watts notes that there are currently no rivals in his immediate area and that some older haulers are retiring soon, presenting a prime opportunity for him to enter the market. His youth, combined with years of experience driving large equipment and his readiness to start operations immediately, provides him a competitive edge in the industry.
-
General Information
Business Registration Number: 227733613
Location: Ivanhoe, VA, 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
-
Funding Usage
Will use funding to purchase truck and trailer and start up costs such as insurance, fuel, titling, taxes, etc.
-
Business Plan
I plan to stay on the road 7 days a week if necessary to haul cattle. I have connections with large local farmers to haul cattle. I also plan to haul in other states to increase revenue. I plan to expand my operation within the next 5 years and purchase another truck to add to my business. I have been working on our family farm since I was a young man. We have connections to large area farms to haul cattle. I am a hard working young man and my dream is to have a trucking company. My father can work the farm while I work in the trucking business full time.
-
Self Identified Competition
There are no competitors in my immediate area. The haulers here are older and I know of 3 which are retiring this year which make it a great time for me to get my foot in the door. I am young and have drove large equipment since I was a small boy. I have a strong work ethic and want to expand this business in the future. I also have connections so I can get on the road right away and start bringing in income when the truck is purchased.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
