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The applicant is seeking government grant funding for the down payment and closing costs of a two-bedroom condo. Their business plan outlines a five-year strategy to advance within the non-profit sector, which will enable them to increase their income and afford a larger property. The applicant intends to rent out the starter home for a sustainable profit as they transition to better housing.
The applicant presents themselves as a hardworking and honest individual, committed to financial sustainability. Their future plans include acquiring additional rental properties to generate income and cover monthly expenses. Additionally, they aim to invest part of the funds into publishing a book they have written. There is no mention of competition or specific competitive advantages.
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General Information
Business Registration Number: N/A
Location: Baton Rouge, LA, 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: NO
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Funding Usage
My requested funding is for down payment and closing costs on a starter home--a 2 bedroom condo to be exact.
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Business Plan
Within the next five years, I am planning to acquire a promotion for a higher position within the non-profit industry that I work for. From there, I plan to use the increase in wages to grow my finances and obtain better housing. Once I am able to afford a bigger property, I plan to rent out my starter home for sustainable profit. I am a single individual whom is hard worker striving toward success. I am honest in both my business and personal life, and I know how to maintain money so that it will be sustainable. I plan to get rental properties in the future and earn income from tenants who are willing to rent from me, thus turning over a profit to keep the monthly bills in check. I also plan to invest some of the acquired funds into publishing a book I wrote.
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Self Identified Competition
N/A No comment
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Contact Applicant
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