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CM Auto Pros

 





 
 “The SBDC is an excellent friend of ours! They helped get the money we needed to buy new equipment and hire more employees, and now our sales are on…

 

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“The SBDC is an excellent friend of ours! They helped get the money we needed to buy new equipment and hire more employees, and now our sales are on pace for a $52,000 increase.”

-Carlos Arreola, President

 

Client Impact:

Areas of Assistance:

  • Capital Infusion: $20,000

  • Obtained Financing

  • Jobs Created: 2

  • Financial Projections

 
  • Business Plan

 
  • Loan Application

 
  • Bookkeeping

After an excellent first 9 months in business, owner Carlos Arreola reached a bottleneck that was holding back the company’s growth. To keep pace with an expanding customer base, he needed new equipment and additional employees to increase capacity. But like many small businesses, CM Auto Pros did not have a formal business plan or the level of financial recordkeeping required by lenders. Then the SBDC entered the picture. After helping Carlos create a business plan and get the company’s books in order, the loan application sailed through and CM’s owner immediately kicked his growth plans into action.

Description of Business:

Opening its doors in May 2016, CM Auto Pros is an automobile repair shop located in Chula Vista, CA, specializing in maintenance and repair of foreign and domestic vehicles.

Use of Capital Infusion Funds:

CM Auto Pros utilized their financing to purchase new equipment and hire two additional employees.

Location:

Chula Vista, CA

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