Government shutdown affecting Huntsville business
After months of applying for a loan and being approved, Rick-N-Ball is now playing the waiting game
HUNTSVILLE, AL (WAFF) - Rick-N-Ball, a locally-owned, veteran-operated company, applied for a small business loan months ago.
The business has been approved for more than two months and have been waiting for the final steps.
“They told us they don’t see any reason why you won’t have your loan by Christmas,” said vice president Andrew Rickabaugh.
On December 22, when the government shut down, so did the Small Business Administration. The same company Rickabaugh and his partner Kevin Ball were waiting to hear from.
“It’s affecting us pretty deeply, and we’re having to change course because of it in a dramatic fashion,” continued Rickabaugh.
Rickabaugh and Ball have been working persistently to open their local business and serve the Tennessee Valley. However, they now have to fund everything out of their own pockets.
“We’ve got the funding to have the necessary equipment, still state-of-the-art equipment, it’s the working capital that we’re gonna have to kind of tighten up on a little bit," Rickabaugh said.
This has been a dream for both Rickabaugh and Ball.
“Our goal is to have Madison county and Limestone county as our prime customer, consumers. However, we’re willing to travel and anxious to get the word out," Rickabaugh said.
For now it’s just a waiting game, but both guys have a pretty unique outlook on their unfortunate situation.
“We can prove our worth and show that, like I said, whether the government is open or not, we’re gonna be open for business. And we’re gonna push forward with our plan," Rickabaugh continued.
That plan they have, is still in full effect.
“We have begun our marketing campaign, we are open for business, and we are willing to do what it takes to serve the customer and provide that unparalleled service, whether we have that initial funding we were planning on or not," Rickabaugh explained.
Rickabaugh and Ball both said they don’t know how long this government shut down is going to last. They just want to start serving people in North Alabama, and hope their work can stand for itself.
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