DigiPrint Products. | Application Preview
DigiPrint Products is seeking a government grant to stabilize its financial situation. The funding will specifically be used to alleviate accumulated credit debt, which includes approximately $800 in monthly interest and several late fees, making it difficult for the business to catch up. The owners emphasize that they have a long-standing commitment to their employees and community, as the business has been operating for 17 years and serves as the primary income source for the family involved.
The business plan focuses on reducing debt and overhead costs, potentially downsizing their operating space. The goal is to return to profitability over the next few years, allowing for gradual growth while adapting to rising costs of materials and wages.
DigiPrint highlights its strong reputation in the community, maintaining five-star ratings on popular review platforms and consistently acquiring new customers. The owners, who have a background in entrepreneurship, are dedicated to fostering a supportive work environment.
In terms of competition, the company recognizes rivals like 4 Over Trade Printing and West Print. However, DigiPrint believes its commitment to excellent customer service and employee treatment sets it apart. They boast an impressive customer retention rate of 98%, attributing this to their personalized approach and willingness to meet the unique needs of their clients.
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General Information
Business Registration Number: 262065763
Location: Santa Ana, CA, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $500k to $1M
Annual Gross Expense: $500k to $1M
Open to Loans: NO
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Funding Usage
This funding must be a grant, we just cannot pay off debt to pay off another debt. This will be a perfect amount to get us back on track to be open for another 17 years hopefully. My whole family works here and its our only source of income. This will help pay off credit debt and interest we are accumulating each month close to $800 per month in interest plus we have many late fees and its getting too much to catch up on.
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Business Plan
Our plan now is the reduce debt, reduce our overhead, maybe even have to downsize a little in operating space. Goal is to be profitable in the next couple years again. Once stable we can grow slowly and more cautiously to keep up with todays raising prices on all our materials, machines, employee pay. etc. Why, because we have been in business for 17 years, we are a staple and known in our community, we have maintained 5 star ratings on Google & Yelp, we continue getting new customers weekly. The owners are college educated and born entrepreneurs and wake up everyday with new ideas, goals and desire to hire people to give them a chance to work in a organized, family oriented successful business.
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Self Identified Competition
4 Over Trade printing, West Print, Digi Print Plus Time after Time we are being told that our service is top notch, we care about our customers, we find ways to accomplish what they need and want when no one else will. We treat our employees like family and give them time if they need it with no questions asked and we adjust our schedule to fit employees that need special hours for family etc. Customer retention is as 98%, when we take on a customer we give it our all regardless if its easy or difficult and we take time to know their wants and needs and fulfill it.
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Contact Applicant
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