Tall Drink of Water is a New York-based start-up company that is developing elevated pet feeder technology and designs that are unique in the pet products market in both form and function. Its elevated pet feeder products will be marketed to design professionals, pet care professionals, government agencies and individual consumers.
Tall Drink of Water is privately owned by Tonya McClendon and will file for S-Corporation status.
Start-up expenses for the company total $31,200 and will be distributed as follows:
We will also need a small amount for start-up inventory ($1,000), and a $40,000 cash reserve on opening to cover operating costs for the first few months.
Start-up costs will be financed using a combination of owner investment and a 2-year Small Business Administration (SBA) loan.