4.926% 504 20 year term, December 2018
4.990% 504 25 year term, December 2018

 

St Croix Diesel, LLC

June 2016 | WIlson, WI

 

St. Croix Diesel is a full service diesel repair shop for over-the-road trucks. The mechanics at St. Croix Diesel are experts in repairing refrigerated trailers which require immediate attention in order to avoid cargo claims. St. Croix Diesel is also able to perform routinely scheduled maintenance or emergency repair on fleet vehicles as well as tire replacements, wheel cleanings, and body repair and painting. Also servicing passenger vehicles, St. Croix Diesel mechanics are skilled with all levels of service and repair.

 

In December of 2015, owner Ernest Gravseth saw an opportunity to purchase a new facility. With the help of an SBA 504 loan provided by WBD and financed through Central Bank Ernest was able to purchase land and make a few improvements to an existing building. The new space offers a more efficient floor plan which allows drivers to move throughout the shop area. Inventory will also be easier to access. Warehouse space and docks for larger parts is also now available to St. Croix Diesel. The new facility also adds 26 new positions to the Wilson area.

 

 

Funded

June 2016

 

Owner(s)

Ernest Gravseth and Jacob Larson

 

Bank & Lender

Central Bank, Joel Larson

 

Financing

Purchase of real estate and improvements

 

Jobs Created & Retained

Created 26 jobs

 

Public Policy Goals/Local Development Goals

Aiding rural development (pop. of Wilson is 186)

 

Project Amount

$872,000

 

WBD Contact

April Nelson

 

April's Personal Page

 

Email April

P: (715) 381-6719

St. Croix Diesel is a full service diesel repair shop for over-the-road trucks. The mechanics at St. Croix Diesel are experts in repairing refrigerated trailers which require immediate attention in order to avoid cargo claims. St. Croix Diesel is also able to perform routinely scheduled maintenance or emergency repair on fleet vehicles as well as tire replacements, wheel cleanings, and body repair and painting. Also servicing passenger vehicles, St. Croix Diesel mechanics are skilled with all levels of service and repair.

 

In December of 2015, owner Ernest Gravseth saw an opportunity to purchase a new facility. With the help of an SBA 504 loan provided by WBD and financed through Central Bank Ernest was able to purchase land and make a few improvements to an existing building. The new space offers a more efficient floor plan which allows drivers to move throughout the shop area. Inventory will also be easier to access. Warehouse space and docks for larger parts is also now available to St. Croix Diesel. The new facility also adds 26 new positions to the Wilson area.