Natural Gem Inc. | Application Preview
Natural Gem Inc. is seeking government grants to recover from financial hardships caused by the pandemic. The funds will help address outstanding rent, vendor payments, and payroll, allowing the business to reopen without debt and continue contributing to the community.
Established in 2001 by the owner's parents, Natural Gem has maintained growth even after the owner's father's passing in 2014. The owner aims to introduce new merchandise and upgrade equipment to stay operational during this challenging period.
The owner, a skilled goldsmith, provides unique in-house jewelry services that are rare in the area. The business thrives in a small town, often frequented by tourists. Customers appreciate the personalized service, such as transforming old jewelry or crafting custom pieces from found stones. The owner finds joy in this work and seeks support to ensure the business's survival.
In a competitive landscape with only two other jewelry stores nearby, Natural Gem stands out by offering in-house jewelry creation and repairs. The business also features a diverse collection of rocks, minerals, and fossils, appealing to a wide range of customers.
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General Information
Business Registration Number: 260162729
Location: St. Joseph, MI, United States
Length of Operation: 2001 to now
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
To build the business back up from this pandemic and money lost as we are getting behind in rent, vendors and payroll. As we were forced to shut down because of the Corona-virus. Are governor push are reopen date back to May 15, 2020. So, when we open the door I don't want to owe money. I want to be making money, and to able to help my community.
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Business Plan
The Natural Gem is a family own business started with my Father and Mother in 2001. When my father passed in 2014, my mother and i keep the business going and it grows every year. I would love to bring in new merchandise and replaces old equipment. and keep afloat for this shut down. I am a gold-smith that work in house. There not to many jeweler that do this job any more. We live a small town and its also a vacation area. My local keep me in business and busy. Its a great feel to have a customer come in and give me old jewelry to make into some else or repair something that so precious to them. Or the wedding rings or the child that come in and bring me a stone to make them a bead that they found on the beach. I really enjoy my job and i hope you invest in me.
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Self Identified Competition
We have two other jewelry store in our town but they are sales people and not in house jeweler. I really don't have any competitors We make our own jewelry and repair other in house.I have rocks, mineral and fossils that kids and adults love.
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