Mike has operated his handyman service in suburban New Jersey for over 10 years, offering general repairs and home maintenance to residents in his town. Mike has always worked solo as a one-man operation.

More Growth Opportunities

As his reputation grew, Mike saw demand rise steadily, especially for larger remodeling projects. He wanted to bring on additional handymen to help handle the bigger jobs but didn't have enough capital to pay more employees.

Mike applied for a line of credit from Line of Credit Depot and was approved for $60,000. He used the funds to hire two skilled handymen and purchase a second truck stocked with equipment.

Over the next year Mike used draws from the revolving line of credit to take on more jobs, increase their project capacities, and boost marketing. Within 18 months Mike grew his solo handyman service into a thriving home remodeling business with over 5 employees.

The working capital flexibility allowed Mike scale up seamlessly to meet demand. He couldn’t have grown so quickly without the line of credit.

Let me know if you would like me to modify or add any details to this New Jersey small business success story. I'm happy to tailor it to your specifications.

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