How a SmartBiz SBA Loan Saved This Small Business Owner Thousands of Dollars
Triple D Towing is the leading providers of towing services in the Dallas-Fort Worth area because of one motivated small business owner. We were lucky enough to track down the very busy
Milton Martinez to learn about his business and how a
SmartBiz SBA loan is helping him become more profitable.
SmartBiz: Tell me about your small business.
Milton Martinez: I started
Triple D Towing more than 10 years ago and we’re proud to offer each and every customer excellent service. We operate with 5 tow trucks and 6 full-time employees.
SB: What makes
Triple D Towing stand out from other companies in your area?
MM: When a customer calls us, they'll be connected to a team member with years of experience. We can overcome any challenging service situation and we’re always available 24/7.
SB: What do you find most challenging about running a successful small business?
MM: Managing employees is the most demanding part of the job. My drivers and dispatchers represent me and if they make a mistake, I’ve made a mistake. Keeping employees happy is key.
SB: Do you find being the boss stressful?
MM: Honestly, no. It’s important that I stay on top of my game so my employees can stay on top of theirs. I’ve learned not to procrastinate and everything usually runs very well.
SB: What’s the best thing about being a small business owner?
MM: Freedom! I like being able to make my own rules and follow my own schedule. I don’t sleep till noon but if I wanted to one day, I could make that happen.
SB: What brought you to
SmartBiz for an SBA loan?
MM: I had two small loans that I wanted to get rid of. They required daily cash payments and were leaving me strapped. I needed to create additional income instead of paying outlandish interest rates.
SB: Did you try to get a loan from a traditional bank?
MM: My bank actually approached me first and asked if I wanted a line of credit. I thought about it but the rates and terms were not what I was looking for.
SB: How did you find
SmartBiz?
MM: I remember that it was 2 in the morning and I was up thinking about how to increase profits. I got up and typed “SBA loans” in a search engine and started looking. SmartBiz was the most straightforward site, the easiest to use and had the best rates and terms by far.
SB: Were you happy with SmartBiz right away?
MM: Yes! Excellent communication is what made the whole process work. My loan agent was very smart and very responsive. Each time I called or sent an email, he got back to me immediately. I could tell he was 100% on top of everything. Also, we’re both snowboarders and very laid back. It was nice to make a personal connection too.
SB: How has your loan helped your business?
MM: By getting rid of the two small loans I’m saving $15,000 - $18,000 dollars. That’s money I can put back into growing my business or into savings.
SB: What would you say to another small business owner looking for funding?
MM: Don’t wait until 2 am to do an online search! Check out
SmartBiz first and you’ll find that other lenders just don’t compare.
SB: Any last words of wisdom for our blog readers?
MM: Yes - do what you can today because tomorrow isn’t guaranteed. It’s a personal motto that’s served me well.
SB: Thank you for sharing your valuable time and best of luck in the future!
*We conduct a soft credit pull that will not affect your credit score. However, in processing your loan application, the lenders with whom we work will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and happens after your application is in the funding process and matched with a lender who is likely to fund your loan.
The SmartBiz® Small Business Blog and other related communications from SmartBiz Loans® are intended to provide general information on relevant topics for managing small businesses. Be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed. Please consult legal and financial processionals for further information.
