Driving Success: How a WA Towing business fueled growth with tailored funding

After more than six years in the towing and mechanic industry, a Western Australian business owner secured a funding solution that enabled him to:

• Manage essential vehicle maintenance costs
• Expand his range of services to accommodate growing client demands
• Keep up with cash flow amid multiple loan repayments

From towing calls to new business opportunities

After operating his towing and mechanic business in Western Australia for over six years, our client was well-versed in the challenges of keeping his services running smoothly and efficiently. A sole business owner, he’d been managing well despite balancing an existing overdraft loan and two vehicle loans with consistent, timely repayments.

When we first reached out six months ago, he was appreciative but declined assistance as he wasn’t ready to take on another loan. However, our recent follow-up call revealed new needs: he was now considering a loan to cover upcoming vehicle maintenance costs and expand his business. Initially, he was looking for a $36,000 loan to cover these needs and strengthen his cash flow.

Securing the right funding for growth

After discussing his needs, he submitted his financial statement, allowing us to tailor a loan solution that suited his requirements and timelines. Within five days, we secured a $34,000 unsecured loan for him, structured with a 48-week repayment term. This timely loan helped him tackle immediate expenses and maintain flexibility in his cash flow to support both maintenance and business growth.

Planning for a brighter future

Now, with his new funding, he’s planning to scale operations and reach more clients across Western Australia. He’s eager to invest in advanced equipment and expand his marketing reach—a goal that was only possible with a reliable financing partner. His readiness to adapt and grow inspires us, and we’re thrilled to support his journey as he steers his business into its next phase.