MAD Fabrication, LLC | Application Preview
MAD Fabrication, LLC is seeking government grants to enhance their business and support their local community. The funding will be used to purchase inventory, tools, and materials, as well as to remodel their shop to meet modern standards. They aim to improve basic facilities such as heating, air conditioning, insulation, and the garage door. Additionally, they plan to acquire a new service rig and cover advance payments for rent and insurance.
Over the past four years, MAD Fabrication has consistently increased its revenue, client base, and service offerings. They intend to expand their toolset, which will enable them to accept more diverse job opportunities and extend their service area across Wyoming.
The company emphasizes its grassroots origins, built entirely by the founders’ efforts and hard work, with no external support. As young entrepreneurs, they have encountered challenges securing financing due to their age. The recent birth of their child has further motivated them to succeed. They believe that with the right support, they can continue to develop and grow their business.
Their main competitor is located two hours away and does not offer a complete range of services, allowing MAD Fabrication to secure a strong position in the market. They pride themselves on their strong work ethic, commitment to customer satisfaction, and dedication to their community, positioning themselves as a unique player in their industry.
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General Information
Business Registration Number: 85-1801181
Location: worland, WY, 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
We plan on using this money to expand our business and bring more life to our little community. We plan to purchase inventory, supplies, material, and large and small tools. We would also like to remodel our shop with this money in order to bring it to today's standards and provide basic accommodations for us, such as central heat and ac, insulation, and a better garage door. We would also like to purchase a new service rig, and pay in advance on our rent and insurances.
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Business Plan
Within the four years we have already been in business, we have steadily increased our revenue, client, and what we have to offer each year. Each year we offer more services, gain new clients, and generate more revenue. We plan on adding more tools to our business which then would generate more opportunities for jobs that we were not able to complete before. We also plan on expanding our service area to the whole state of Wyoming with a new service rig. This will provide us with more opportunities and will allow us to expand, therefore, generating more income. We are young hardworking kids who have built a business out of nothing and all by ourselves. We have had no help and have created a pretty successful business thus far. We have big plans and will continue to develop these plans as we have already. Due to our age, we have had a hard time having any lenders wanting to take a chance on us. We recently just had our first child, and she has motivated us to do better than we have before. If we were given the chance to expand and if someone took a chance on us, they would not be disappointed. We need someone to believe in us like we believe in ourselves. We have the education and the experience to continue to be successful. We both have college degrees and the drive to continue to learn.
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Self Identified Competition
In the area that we live in, the closest competitor to us is 2 hours away. This competitor does not do everything that we do, and we almost have the market secured where this competitor lives as well. I do not see anyone as a true competitor to us. We are different from our competitors because we drive ourselves to succeed, even when others think we cannot and when no one else is there to help us. As mentioned before, we built this company from nothing other than the drive to succeed doing what we love. We are different because we care about our work, our customers, out community, and being the best at what we do. We are building a legacy and strive to be the best at this thing called life.
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Contact Applicant
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