3D Insulation Inc. | Application Preview
3D Insulation Inc. is seeking government grants to recover from significant setbacks caused by the owner’s severe injuries sustained in February, which included multiple broken bones and lengthy hospitalization. Following recovery, the owner discovered the business was in disarray, compounded by the decision of the previous owner, their father, to abandon the company without proper transition. The requested funds aim to restore the business to its former profitability and enable expansion.
The owner expresses determination to rejuvenate and grow the company, emphasizing their capability to secure more projects and increase bidding activity without previous constraints. They convey a sense of humility in asking for help, reflecting on their resilience and commitment to not failing their team or clients, which strengthens their case for funding.
Regarding competition, the owner identifies a few companies in the industry but believes their competitive edge lies in their relentless work ethic, especially during challenging times such as the COVID pandemic. While others may have slowed down, the owner committed to working hard, taking on as much work as possible, and exemplifying a unique drive that sets them apart.
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General Information
Business Registration Number: 0100600677
Location: Long Valley, NJ, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $500k to $1M
Annual Gross Expense: $1M to $10M
Open to Loans: YES
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Funding Usage
The funds would be used to basically help me save my business and get it back to being as profitable as it was. I was severely injured in Feb. I broke my back (I have 2 rods in my back). I broke my neck, broke 5 ribs and shattered my scapula. I spent 6 weeks in Morristown Hospital and in Kessler Rehab Hospital. Upon leaving the facilities I realized there was no office work going on. I tried to run the business from my hospital bed. My father owned 3D at the time. Once I left the hospital he left the company and left me basically with nothing left. This money would give me the help I desperately need to bring this back to where it needs to be.
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Business Plan
With the financial help, I can easily bring 3D back to where it was. My goal is to make this company bigger than it was. I want to put out more bidding, I want to bring in more projects than we have in the past. I own this business now. I am not handcuffed with the bidding I was only allowed to do. I was only allowed to bid certain projects and still brought in a tremendous amount of work This is all very humbling for me to ask for help. I never thought I would be left in this situation. I spent 6 weeks in the hospital being told I may never walk without a walker or cane. I am walking on my own two feet. This injury taught me a lot as well. I also never thought my own father would pillage the company without me knowing and turn it over to me and not knowing how bad of a situation he left me with. Why invest in me? I am the very best at what I do. I do not fail. I am driven to succeed to no end. Many people rely on this company which they rely on me. I have never failed or let anyone down. I will not start now. Thank you to you all.
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Self Identified Competition
I honestly am not sure. If I had to say three I would say 1. Jersey Insulation 2. J&J Insulation 3. Woolsulateate Insulation The easiest way to explain this. Going through Covid, most of our industry and the companies I bid against to certain contractors wanted to stay home and collect rather than go to work everyday. In fact I was called out on a job as to the fact we were still working hard everyday. The exact words were " Chaplin all you care about is money". So with that I made the decision, I was going to estimate 7 days a week 12 hours a day and take every project possible which I did. I took everyone's work. They got lazy, I worked more. That is how I am built. I am trying to sound conceited, please I am not. I am just built differently. I work very, very hard.
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