Facing growing pains for their new business, Terry and Gina were able to get approved for much needed funding to help with inventory and advertising.
Garage door services
Inventory, advertising, and cash flow
Terry Conroy, owner and founder of T-N-T Garage Door Services, broke away from the pack to go into business for himself and has never turned back.
Prior to starting T-N-T Garage Door Service, Terry worked for a residential and commercial garage door company that dispatched jobs to employees based on location. When Terry grew frustrated with his employer’s work ethic, he created an opportunity for himself to improve upon all those practices and start his own business. With a wife and 3 kids counting on him, Terry quit his job and dove headfirst into this endeavor.
Terry’s wife Gina, who has a background in computer programming and communications, was his first recruit. As soon as Gina built the software package that now functions as the heart of their business, the couple eagerly took to the streets to obtain clients. Terry had a few customers who followed him to T-N-T, but not nearly enough to maintain the business. Terry and Gina walked from business to business in Coats, NC handing out business cards and looking for clients.
Within the first 2 months, their reputation enabled T-N-T to join a lead generation marketplace. They were quickly accredited with the BBB, and after 2 years hard at work, became an A+ rated company.
As any business owner, Terry faced the growing pains and accompanying challenges of expanding and maintaining a small business. Initially, Terry and Gina sought out traditional bank financing. As a new business without business credit, the Conroys applied through a merchant account rate but quickly realized it was a difficult path littered with issues like hidden fees and, in their experience, false promises.
After their less-than-perfect experience, Gina went in search of alternative business financing lenders.
That’s when she found Mulligan Funding.
Terry and Gina used funds they secured through Mulligan Funding to restock their inventory, increase advertising efforts, and maintain a cushion for slowdowns in business. “If we didn’t seek out business funding with Mulligan we would easily be half the size, with half the revenue we currently have. We went from a two-person operation to having 9 employees and 9 trucks. We’ve grown tremendously and thank Mulligan for helping businesses like ours move forward.”
T-N-T Garage Door Services has taken out multiple loans through Mulligan Funding and “look forward to a lasting working relationship”. They continue to expand their business and we are excited to be part of their success.
"Mulligan Funding is a one-stop-shop. We’re blessed that we were able to work with them. Mulligan was a lending hand when we needed it the most (no pun intended haha)."- Terry and Gina
If you're in a similar position as Terry and Gina and could use additional capital to help with inventory, advertising, or cash flow, talk with our loan advisors today.
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