Decatur Steel Industries | Application Preview
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General Information
Business Registration Number: 8000611409-001
Location: Decatur, In, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $500k to $1M
Annual Gross Expense: $500k to $1M
Open to Loans: YES
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Funding Usage
This funding would allow us to finalize our land development, as well as purchase additional materials handling equipment, which would in turn expand our capacity and require the hiring of additional staff.
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Business Plan
With further land development, providing additional space, as well as the purchase of additional materials handling equipment and a rail line we will be able to process additional tonnage as well as process different materials, including but no limited to sheet piling, pipe, casing, and pipe piling. We will also be able to offer intermodal service with the addition of the rail line. With the proper strategic investment we have the opportunity to show a 4-5x increase in the volume of material in which we can handle. This additional volume direct correlates with revenues, and profits. As the volume increases the opportunity to expand into additional verticals associated with the services we provide. These include, trucking, factoring, and intermodal services.
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Self Identified Competition
We do not have and direct competitors, as we do not buy or sell and steel, we simply provide a value added service. With our strategic location near one of the largest structural, rail, and piling products manufacturers, as well as having our own trucks, we can provide our customers the opportunity to reduce or even eliminate the need to truck the material to their facilities located through out the US to be fabricated, or stored before being sold to their final customer. This provides not only a cost savings in transportation, but a competitive advantage because of location, and negates the need for them to make a substantial investment to open, staff, and operate their own facility within a close proximity to the manufacturer. Per the above response we do not have any direct competitors in our region. While similar facilities exist through out the country, we are the only one located near Steel Dynamics Structural and Rail division. This not only give us first mover status, but allows our customers to gain a competitive advantage over their competition.
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Contact Applicant
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