BLP Assists Acme Construction Metals in moving to Racine, WI


Business Acme Construction Metals Inc.
Lending partner FNB Fox Valley
Owner Jeffery Nelson
Location City of Racine
Project Building Purchase and Renovation; Equipment Purchase
Jobs creating
Financing source
City of Racine Revolving Loan Fund (City RLF)

Racine Development Group Revolving Loan Fund (RDG RLF)

 

 

 

 

 

 

 

 

Acme Construction Metals is a structural and ornamental metal fabricating company that provide structural steel and ornamental metals as well as erecting for general contractors.  The company has successfully delivered projects including theming structures for Six Flags XFlight roller coaster, the Fischel Park band shell, custom railing, and architectural support projects.  The business is owned by Jeffery Nelson and originated in Kenosha. Nelson, who has 35 years of experience in the trade, started the business in 2004.

The company was operating in Kenosha on a month to month lease; however due to the needs for a larger space to accommodate the growing business. Nelson’s desire to own his building, and the risk that a short notice to vacate may negatively impact Acme, Nelson decided to look for a new permanent location for his business.  The asset that Mr. Nelson acquired is 1800 Clark Street in the City of Racine.  The property is a 102,500 square feet multi-tenant facility and is currently occupied by six small businesses. 

As our company has continued to grow, our space needs were greater than our current location could accommodate so we began to look for a larger facility.  The 1800 Clark Street property is perfect for our needs, and it will provide us ample space to grow,” noted Jeff Nelson.  “There is no way we could have accomplished this purchase without the help of Racine’s Mayor John Dickert and RCEDC Staff.

Business Lending Partners (BLP) is the finance division of RCEDC that assisted Jeff in obtaining the financing he needed to make his building purchase and renovation a success. Utilizing the City of Racine Revolving Loan Fund (City RLF) and Racine Development Group Revolving Loan Fund (RDG RLF) loans provided Jeff with low-interest rates and allowed the company to contribute only 10% down payment toward the total project cost.  

Jeff Nelson and the Acme staff are true innovators consistently delivering high-quality artistry and excellent customer service. “Racine is fortunate to be home to many different sized companies, similar to that of Wisconsin” commented Mayor John Dickert. “Racine has a preponderance of first stage companies, those with 2-9 employees, just like Acme Construction Metals.  The partnership that the City has with RCEDC facilitated this success, we welcome this company to Racine and look forward to more projects like this in the future

 

SBA 504

October 2017

20-Year Fixed Rate:

4.635%

10-Year Fixed Rate:

4.152%

Historical Rate Graph