The Caryl Company | Application Preview
The Caryl Company is seeking government grants to recover from a significant loss of over $10 million in parts inventory following a warehouse fire in July 2022. The funds will not only support the company's recovery but also help three affiliated small businesses.
The business plans to expand its customer base, focusing on original equipment manufacturer (OEM) Tier 2 customers that supply essential components like engine, transmission, and steering parts to Tier 1 OEM companies, which in turn serve major automotive manufacturers in the U.S.
Approval of the funding is justified by the fact that all suppliers used by The Caryl Company are automotive certified, ensuring delivery of high-quality parts on time and at competitive prices. The company provides components used in a majority of OEM vehicles produced in the U.S. and some in Europe.
While competition details remain confidential, The Caryl Company highlights its competitive edge through its commitment to manufacturing high-quality parts, timely deliveries, competitive pricing, and exceptional engineering. The company has also garnered multiple automotive awards for its outstanding performance.
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General Information
Business Registration Number: 20-2653440
Location: Water Valley, MS, United States
Length of Operation: 11plus
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
expand customer base to try to replace over $10,000,000 in parts inventory loss, due to a warehouse fire in July 2022. These funds will try to save my small business and 3 others small businesses that are tie to it.
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Business Plan
Increase content is OEM Tier 2 customers who supply Engine and Transmisson and Steering parts to Tier 1 OEM companies, who supply the major auto makers in the USA. all of the Suppliers we use are Automotive certified and provide high quality parts, delivered on time with competitive prices. We provide parts that are used on most OEM vehicles made in the USA and some in Europe.
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Self Identified Competition
confidential company information we manufacture high quality parts, delivered on time, with competitive pricing, and excellent engineering. We have won may automotive awards for this performance.
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Contact Applicant
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