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When the owner of Precision Auto Group started noticing more electric and hybrid vehicles rolling into the parking lot—only to roll right back out—he knew something had to change. Electric vehicles weren't a trend anymore. They were becoming the standard.
$125,000.00
Auto Repair Shop
Business Expansion
*To protect our client's privacy, names and identifying details have been modified.
Precision Auto Group, a busy auto repair shop, was known for staying ahead of the curve when it comes to vehicle technology. They recognized the landscape was shifting toward electric and hybrid vehicles. Rather than waiting for the market to force their hand, they made the strategic decision to expand their service capabilities to include EV and hybrid maintenance and repair.
Precision Auto Group had a solid reputation servicing traditional combustion engines. But as more customers traded in their gas-powered cars for EVs and hybrids, Precision Auto Group faced a problem that couldn't be ignored: they didn't have the training, tools, or technicians to work on these vehicles.
Working on electric vehicles is fundamentally different, and so are the safety requirements.
Technicians need certification and hands-on training to legally work on these vehicles.
Working on these vehicles requires expensive specialized tools and safety equipment.
Exisiting team was already fully scheduled with traditional vehicle work.
Expanding into EV and hybrid services wasn't something Precision Auto Group could ease into. The investment had to happen all at once This is when they reached out to Capitalize Funding to explore funding options that could make this possible.
This is how a Working Capital Loan addressed their needs:
Instead of waiting months or years to save up, Precision Auto Group was able to respond to the market shift immediately.
By moving ahead of competitors that were slow to adapt, the company became a go-to service provider for EVs in the area.
The business maintained normal cash flow for existing expenses while simultaneously building new service capabilities.
This customized funding solution allowed Precision Auto Group to expand their capabilities in order to meet market demands without putting their existing operations at risk.
When Precision Auto Group needed to expand, Working Capital funding made it possible to move forward without creating operational problems or cash flow gaps.
Successfully overhauled their operation in order to accommodate an entirely new service line tailored to hybrid and EVs.
Acquired specialized tools and equipment specially designed for working on electric and hybrid vehicles.
The cost of mandatory certification and training programs for their exisiting staff was fully covered.
Brought on new technicians and personnel to handle the increased workload and specialized service requirements.
The funding didn't just add a new revenue stream. It positioned Precision Auto Group to remain competitive, giving them the capacity to meet demand as the automotive industry continued to evolve.
When we reached out to Capitalize Funding, they actually took the time to understand what we were trying to do instead of just pushing paperwork at us. The whole process was straightforward and we got the capital we needed to buy the diagnostic tools and send our guys through certification programs. Within 6 months, we were servicing electric vehicles, which opened up a whole new customer base.
Precision Auto Group
The results Precision Auto Group achieved aren't unique to the automotive service industry. Any business facing a similar situation—needing to invest in new capabilities, respond to market changes, or expand service offerings—can use If your business is facing a similar opportunity or challenge, we've spent more than a decade helping business owners navigate these types of decisions, and we're happy to do the same for you. Contact us today to discuss your situation.
Let's get the right funding in place so you can focus on growing your business.
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