Background

Over 17 Years in Business Providing Excellence

Founded in 2004 by Mohamad Zeitoun, Avenue Tire Depot has grown to be one of Ottawa’s top providers of quality parts and workmanship. During these years, a good strong base was built through a strong and solid relationship with the major local distribution companies distributing tires in North America. Avenue Tire Depot continuously explores ways to expand their network of associates, distributors, and contacts in order to provide the best products to their customers. They vow to provide a service that meets and surpasses your expectations.

At Avenue Tire Depot you get honest service at a fair price. Avenue Tire Depot constantly acquires new tools and equipment to minimize the total work time. You can be confident that your vehicle will be ready when expected and that your car will return to you in a better state than when you brought it to them. 

Challenge

Meeting the Needs of Customers Immediately 

Growing a strong base through relationships with major local tire distribution companies can cause its own logistical challenges as it did for Avenue Tire Depot. Establishing warehouses that contain inventory worth millions of dollars to meet the needs and desires of customers immediately creates a challenge and requires additional funds to support those growing needs. Mohamad goes on to say “Except for banks Merchant Growth was the best alternative funding companies in the market In regards to customer service and rates.” 

“Dealing with companies like Merchant Growth made us benefit from many opportunities, even if the cost compared to the bank was more, the financing was quick and easily to received”

Mohamad Zeitoun, Owner – Avenue Tire Depot

Solution

Quick Financing to Meet Customer Demands

Avenue Tire Depot approached Merchant Growth through SharpShooter Funding as a result of not being able to get traditional financing. Our Loan Advisors quickly understood the business, having worked with hundreds of small businesses within the same industry. To that end, Merchant Growth was able to get Avenue Tire Depot a quote within the same day that they approached us and funded the same week. Merchant Growth is proud to not bring in the stress that traditional financing does, we are truly here to help small businesses grow and have processes in place to reduce the friction as best we can.

Result

An Increase of Inventory

As a result, Merchant Growth was able to get Avenue Tire Depot the funds that they needed to get caught up on purchase orders and increase inventory as they headed into the busy season. Financing can be the life line to any business looking to grow or businesses that simply need the cashflow during their busy seasons to keep up! Merchant Growth is proud to continue to push towards our mission of bringing business owners the most convenient and accessible financing experience.