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    2 Replies Latest reply on Jan 30, 2009 3:50 PM by bmt2008

    Working Capital Funding Needed

    driftingroads Newbie

      Drifting Roads Automotive Services a newly formed LLC family owned business with over 30 years experience in the automotive industry offers a complete car diagnostic auto repair service. The business has been servicing the Leesburg community for over 11 years. The Company has a unique business that addresses the unmet need of having a full service automotive shop. Our unique business addresses the unmet need of having a full service automotive facility to service customers for the life span of their vehicles with services: Lube, brakes, tires, exhaust, emission performance, engine performance, drivability, and repairs. These complimentary services benchmark customer service which is something that the industry has lost over the years.

       

      Our business will offer a full service diagnostic center that will fine tune emission controls to optimum levels helping with the global warming reduction efforts. We will have the technology to work on all makes and models vehicles including hybrids and electric. Our future is using retro fit products for existing vehicles with hybrid and electric technology.

       

      The project consists of working capital, relocating, and renovation expenses. The total amount of funding needed is $300,000.

       

      A business plan is available for review. If you have any questions, please feel free to contact me by email or telephone.

       

      Regards,

       


      Kathy Stevens

       

      CFO

       

      Drifting Roads Automotive Service, LLC

       

      Tel: 365.365.2230

       

      Mobile: 352.978.2544

       

      kathystevens@driftingroads.com
        • Re: Working Capital Funding Needed
          barterbroker Wayfarer
          kathy,
          I will call you
          dave
          • Re: Working Capital Funding Needed
            bmt2008 Adventurer

            Couple of questions:

            How much of these funds is the family (you stated family owned) putting into this venture? What collateral do you have - business and personal?

            $300,000 is a lot for a new business in today's market - why so much? Could you start smaller?

            Couple of suggestions:

            Network in your community and try to find a local investor. Might be your easiest way to the funding you need.

            SBA loans - these are expensive and time consuming but given your family's experience, may be a simple way to get the funding you need - even if you have little or no collateral.

            Just some thoughts

            Business Money Today

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