How Ibert and Daniela Turned Their Presto Loan into Business Success with a Lathe

When Ibert and Daniela became Presto’s first borrowers, they had a clear vision but limited resources. They took a loan to purchase a lathe, a specialized machine for mechanical work, and today they have fully repaid that loan ahead of schedule. More importantly, the lathe has become a cornerstone of their growing mechanic shop, enabling them to work efficiently on motorcycles and cars. Their story offers valuable lessons for anyone looking to turn a financial opportunity into lasting success.

Ibert and Daniela's lathe powering their business

The Beginning: Taking a Smart Financial Step

Ibert and Daniela started with a small mechanic shop focusing on fixing motorcycles and cars but lacked the equipment needed to expand their service offerings. They applied for a loan from Presto, our lending platform known for supporting small entrepreneurs. Their goal was simple: buy a lathe to create custom parts and repairs more efficiently.

The loan gave them the capital to invest in quality machinery without draining their savings-especially important as they were also expecting their third child! This financial boost allowed them to focus on improving their craft and expanding their customer base. The decision to invest in a lathe was strategic because it directly impacted their service capabilities.

How the Lathe Changed Their Business

Before acquiring the lathe, Ibert and Daniela relied on manual tools that limited the size and complexity of their repairs. The lathe opened new possibilities:

• Increased production speed: The machine allowed them to shape metal and create parts faster and with greater precision.

• Expanded service variety: They could now create intricate components and custom orders that were previously impossible.

• Improved product quality: The lathe’s consistent performance ensured uniformity and higher craftsmanship standards.

This equipment became a key driver of their business growth. Customers noticed the improved quality and variety, which led to more orders and referrals.

Repaying the Loan Ahead of Schedule

One of the most impressive parts of Ibert and Daniela’s journey is how quickly they repaid their Presto loan. By increasing their output and attracting new clients, their revenue grew steadily. They managed their finances carefully, prioritizing loan repayment without sacrificing business investments.

This early repayment reflects their strong commitment and effective use of the loan. It also shows how targeted investments in the right tools can accelerate business success.

Practical Lessons from Ibert and Daniela’s Experience

Their story offers practical advice for entrepreneurs considering loans or equipment purchases:

• Choose equipment that directly impacts your core business: Investing in a lathe made sense because it improved the main service they offer.

• Plan your finances with repayment in mind: Ibert and Daniela balanced growth and loan repayment, avoiding overextension.

• Focus on quality and customer satisfaction: The improved products helped build a loyal customer base.

• Use loans as a tool, not a crutch: They used the loan to grow sustainably, not just to cover expenses.

What This Means for Small Business Owners

Ibert and Daniela’s success shows that small loans can have a big impact when used wisely. For entrepreneurs hesitant about borrowing, their story highlights the importance of clear goals and smart investments. A loan can be a stepping stone to growth if paired with a solid plan and dedication.

If you are considering a loan to buy equipment or expand your business, think about how that investment will improve your products or services. Look for ways to increase efficiency and customer satisfaction. These factors will help you repay the loan faster and build a stronger business.

Moving Forward with Confidence

The lathe is now central to Ibert and Daniela’s mechanic shop, and their early loan repayment has set a positive financial foundation. Their journey encourages other entrepreneurs to take calculated risks and invest in tools that enhance their work.