American Steel Processing | Application Preview
American Steel Processing is applying for government grants to support the relocation of their business to a more suitable property. The company plans to move its operations and equipment within the next few months, with the new site already selected.
The justification for the funding request rests on the company’s strong financial history, having been in business for over twenty years with a solid reputation for securing payments from brokers. They intend to purchase the new property outright in cash.
In terms of competition, American Steel Processing considers itself a unique player in the market, with their only notable competitor being Tube IMS, which has national coverage. The company believes its competitive edge lies in offering higher prices for materials and providing specialized services that are not commonly found in other scrap metal yards.
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General Information
Business Registration Number: American Steel Processing
Location: PITTSBURGH, PA, United States
Length of Operation: 11plus
Number of Employees: 11-25 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $500k to $1M
Open to Loans: NO
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Funding Usage
Developing new site to relocate business to a more suitable property.
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Business Plan
Relocate business and equipment to a better suited location within the next several months. Property has already been selected We have been in business for over twenty years and have a strong financial base. We do not have problems securing payments from our brokers. We plan on paying for new property in cash.
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Self Identified Competition
We are a hidden gem and feel that there are no competitors. Our only competitor would be Tube IMS that has national coverage with a local presence. We pay top dollar for materials that we purchase and offer services that other scrap metal yards do not.
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Contact Applicant
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