To whom it may concern,
As a small business owner, I established an underground utility locate company to provide employment opportunities for those struggling to find work due to a lack of experience. Since its inception in 2021, my company has expanded, growing to over 10 employees through 2022 and 2023. However, in September of last year, we experienced a significant reduction in work due to cuts by Bell Canada, which has posed challenges for us since September 2023.
During our growth period over these three years, we achieved a revenue of $250,000 in 2022 and nearly $700,000 in 2023. We have recently secured a new contract worth $93,000 annually, with the potential to obtain two additional contracts that could lead to a substantial increase in revenue and positive gains throughout the year.
My current objective is to obtain working capital that will enable us to sustain and expand our business, ultimately allowing us to continue providing employment opportunities.
Regrettably, I have not yet created a business plan as I have been committed to operating without external assistance. However, the time has come for me to seek support.
Thank you for your time and consideration of this matter. Should you wish to discuss further, please do not hesitate to contact me at any time at 519-282-5754.
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