Auto Repair and Service Company Seeking Loan in Abu Dhabi, UAE

- Mechanical and electrical repairs, body repair services, vehicle painting, engine overhauling, and air-conditioning (A/C) repairs and maintenance.
- Primarily serving commercial fleet operators, government and Sheikh-related entities, corporate clients, and individual vehicle owners. Physical assets: Vehicle lifts and workshop machinery valued at approximately ~ AED 800,000–1 million, diagnostic equipment and mechanical/electrical repair tools valued at approximately AED 400,000–500,000, along with body repair and painting equipment, A/C servicing equipment, office furniture, fixtures, and other operational garage infrastructure comprising the remaining asset value.
The value of these physical assets exceed the loan amount being sought, however, these assets are crucial for the business operations and cannot be liquidated.
Intangible assets: Goodwill, long-standing relationships with commercial and government-related clients, and recurring customer base. The business operates from a rented facility in M13, Abu Dhabi, with an annual rent of AED 600,000 per year. The business has two partners with an ownership split of 70% and 30%.
No loans.