After several years of working as a mechanic, Luis A. Perea Nunez started his own towing and semi repair companies, 377 Towing and Highway Truck and Trailer Repair.
Since opening in 2019, Nunez has provided round-the-clock, 24-hour dispatch services for truck and trailer repairs. The companies offer jumpstarts, fuel delivery, and spare tire installation, as well as towing and repairs for semi-trucks within a 200-mile radius from Albuquerque.
Nunez’s business model includes contract workers who also perform tire changes and roadside service. Nunez oversees dispatch operations and coordinates work assignments to ensure efficient service delivery. Customers find 377 Towing through organic searches, word-of-mouth, Yelp, and its Google Business Profile.
After saving for a down payment, Nunez turned to The Loan Fund for help purchasing his second tow truck. The need became clear when he received additional service calls while his only tow truck was already assisting a semi that required towing. Previously, he had to rely on outside companies for such jobs.
“A lot of times when we showed up to the job site on the side of the road, we couldn’t fix it on the spot. Sometimes they needed a tow,” he said, adding it was more efficient to take care of a customer immediately rather than waiting for another company.
Nunez learned about The Loan Fund and its adaptable loan products through another trucking company.
“With The Loan Fund, it’s been very easy, and they’ve been very considerate with the rates. I would absolutely recommend them to other people,” Nunez said. “So far, they’ve been really helpful as I continue to expand my business. I’ll tell anyone who needs help with their business: The Loan Fund is a good option.”