A few years ago, an auto mechanic training school was idling without any vision for growth. The new owner had a master plan to involve future employers in the training process, but the school needed funds to make the dream a reality. That’s where we came in! We were able to provide a $1.5 million term loan in just 4 weeks by extracting value from their existing machinery and equipment. Now, the school is thriving and these students are getting pre-trained for their dream jobs!
The school’s previous owner wasn’t sure how to position the institute for growth. There was no clear vision for the future and this led to a decline in enrollment numbers. When the new owner took over, they quickly realized that they needed to get employers more involved in the training process. This would not only provide valuable experience for students, but it would also help with recruitment efforts down the road. However, in order to make this happen, the school needed funding. And that’s where we came into the story!
We were able to provide $1.5 million in just 4 weeks by extracting value from their existing machinery and equipment. This allowed the school to get started on its master plan right away! Now, the institute is thriving and these students are getting pre-trained for their dream jobs. We’re so happy that we could help out and we can’t wait to see what the future holds for this amazing school.
It’s always great to see a struggling business turn things around and start thriving again! We’re so happy that we could help out this mechanic training institute and we can’t wait to see what the future holds for them. If you know of any businesses that could use some extra funding, send them our way! We’d be more than happy to help out however we can.