Redline Steel | Application Preview
Redline Steel is applying for government grants to secure working capital during ongoing economic and supply chain challenges. The funding is particularly crucial for the fourth quarter of 2021, as it would support the company's operations during difficult times.
Over the next five years, Redline Steel aims to expand significantly, planning to employ 150-200 individuals across 3-5 locations. The company specializes in customizable steel products, as well as jewelry, furniture, and celebrity-branded lines. Despite its rapid growth since inception, the business currently faces hurdles due to external economic factors.
As a veteran-owned business based in Huntsville, Alabama, Redline Steel takes pride in producing all products domestically. The company has achieved notable recognition, including being named one of the fastest-growing businesses in Alabama and among the top manufacturers nationwide. The management stresses the need for assistance to navigate unprecedented challenges such as rising steel prices and supply shortages, especially during the holiday season.
Redline Steel has established a strong presence in the customizable steel home decor market and has few direct competitors. Its commitment to being fully American-made and veteran-operated sets it apart. With a workforce of 70, the company seeks support to maintain its dedicated team and continue its growth trajectory.
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General Information
Business Registration Number: 81-1065629
Location: Tanner, AL, United States
Length of Operation: 5
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
To help Redline Steel maintain with working capitol during the ongoing economic and supply chain challenges we are all experiencing. Having additional funding for us within Q4 2021 would be nothing short of a blessing.
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Business Plan
In the next 5 years we plan to have 150-200 employees across potentially 3-5 locations. Producing not only customizable steel products but as well as jewelry, furniture, celebrity influenced product lines and more. Redline Steel has grown non stop since day 1 and we are currently experiencing discomfort due to economic circumstances and do not want the wind to be taken out of our sails. We are a Veteran owned and operated business out of Huntsville, AL. We proudly produce all products in the united states and have grown substantially in the last 5 years. We were named fasted growing business in the the state of AL by Inc. 5000 and #4 fastest growing manufacturer in the nation by them as well. We believe in our work but are simply experiencing unprecedented circumstances with supply chain issues, COVID-19, CRU (price of steel per ton) going up 410% this year alone. We are looking for any help we can get to allow us to continue and grow and build but also sustain all of our employees during the holidays.
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Self Identified Competition
Redline Steel has pretty much cornered the market when it comes to customizable steel home decor. We do not have many competitors at all doing what we do. Once again, we do not have many competitors but we take pride in being 100% American made and veteran owned and operated. We employ 70 personnel in total but due to economic constraints we are reaching out trying to receive help so we can maintain our amazing team in full that we have worked diligently hard to develop.
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Contact Applicant
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