Baldemar Ramírez is from Mexico, where he used to work in the coal mining industry. When Baldemar came to the U.S. he used his skills installing and servicing mechanic repair equipment to launch his own business.
Today, Mireyes Instalaciones has a constant stream of clients and referrals. Baldemar takes pride in the quality of his work and enjoys educating his employees, so they can grow together in the business. His perseverance through the years has allowed him to take his business to the next level, and to improve his quality of life.
Lack of Inventory Meant Fewer Sales and Quality Time
But Baldemar’s repair shop wasn’t always the thriving business it is today. When he launched Mireyes Instalaciones, Baldemar needed more inventory. Sometimes he didn’t have the parts needed to complete a job and had to turn down opportunities. Whenever he needed specific parts, he had to drive hours to get them. There was only one solution to this problem: to buy inventory in bulk in order to gain efficiency. The question was: how was he going to get the capital he needed? It seemed clear that a loan was the solution.
“My business was growing and I wanted to be able to use my time and resources as efficiently as possible to take advantage of the demand in the market. My goal with a loan was to buy the parts I used in bulk, so I could get better pricing and always have the parts handy.”
Finding a Trustworthy Lending Partner
“I shopped around for other online lenders and they just didn’t make me feel comfortable. Camino Financial was easy to work with and they earned my trust.”
Finding a trusting lending partner can be an uphill battle at times. Before joining the Camino Financial community, Baldemar was using personal loans to help his business. There were two problems with that: he was not building credit and the loan amounts did not let him make an investments big enough to buy the inventory he needed.
“Before Camino Financial, I was working with a personal lender, but when you’re trying to grow a business, personal loans don’t build your business credit. Also, the loan amounts are just not enough to make any major investment. Camino Financial offered me the tools that allowed my business to grow.”
More Jobs, More Clients, More Quality Time
Before getting his loan, Baldemar felt frustrated and under pressure to finish a job with no parts. He spent long hours driving to pick them up or turned down opportunities due to lack of inventory. With the help of Camino Financial, Baldemar was able to purchase the parts in bulk and get bulk pricing. He was also able to employ more people to support his business.
Now he doesn’t turn away business because he doesn’t have the parts on site. He has more business, more clients, more referrals, and spends less time on the road looking for inventory. He’s saved about 10 hours a week in commuting back and forth to get the parts. His quality of life has improved and enjoys more time with his loved ones.
“I can’t believe what a difference investing capital made in my business. I didn’t realize I was going to benefit as much as I have. Camino Financial gave me the funds to take my business to the next level, and my personal life has improved.”
Do you have an auto repair shop that needs new equipment installed or needs repair? Call Baldemar Ramírez from Mireyes Instalaciones, at (626) 607-5595. They are located in El Monte, California.