Existing businesses: USDA-ready plans and VAPG grants
Clients seeking VAPG working capital—grant money—for an existing business or current product line must attach their business plan to illustrate historical performance and future expectations.
Elm Grove develops your USDA-ready business plan as part of our VAPG working capital services. We incorporate the required elements and generally follow the USDA Rural Development guidelines for formatting the plan.
Setting you apart with a customized plan
Because each business is unique, we will also customize your plan to account for special circumstances that set you apart. Your completed plan will meet USDA’s expectations, but more importantly, it will serve as a guide for your business's next three to five years or more.
New businesses or products: The purpose of a feasibility study
Clients seeking VAPG working capital for a new business or new product line must attach their Feasibility Study validating your concept. In most cases the Elm Grove team, consisting of specialized personnel representing your industry and your geographic regionality, can prepare a thorough Feasibility Study for your new concept or your new product line.
Answering the important questions
USDA responds to good plans. At Elm Grove, we thoroughly explore a variety of essential questions that your business needs to answer, including:
- Does a market exist?
- Who are the buyers?
- What are the range of prices?
- What technologies are used? Are they proven?
- Do you and your team have the right background and skills?
- What are your costs?
- Do you have access to the capital required?
- When will you achieve break-even?
We welcome the opportunity to serve you. Contact us to learn more.