What is Ford's Fuel & Propane?
Established in 1923, Ford's Fuel & Propane is a long-standing family business with deep roots in Loris, South Carolina. Originally founded by Walter Boyd Ford, the company has evolved from its humble beginnings, delivering gasoline via mule and wagon, to become a comprehensive provider of fuel and propane services. Ford's Fuel & Propane offers gasoline and diesel fuel at its two locations, with bulk delivery capabilities ranging from small trucks to tanker quantities up to 9,000 gallons. They also provide long-term contracts and hedging tools for large users. Furthermore, the company specializes in the sales, service, and installation of a wide array of gas appliances, including indoor and outdoor fireplaces, water heaters, commercial cooking equipment, and generators, serving both residential and commercial clients across Horry and surrounding counties.
How much funding has Ford's Fuel & Propane raised?
Ford's Fuel & Propane has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Ford's Fuel & Propane
PPP
Public-Private Partnership
What's next for Ford's Fuel & Propane?
The recent large-scale, late-stage funding positions Ford's Fuel & Propane for significant strategic growth and operational enhancement. This capital injection is likely to facilitate the expansion of its service offerings, potentially through the acquisition of new technologies, increased delivery fleet capacity, or broader market penetration. The company's focus on competitive pricing, professional service, and a diverse range of propane appliance solutions, combined with this substantial investment, suggests a strategic move to solidify its market leadership and capitalize on emerging opportunities in the energy distribution and appliance services sector.
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