R & B Truck and Equipment Repair, located in Colmar, Pennsylvania, is a full-service truck and heavy equipment (adding auto mechanic services) business. To them, the customer is a priority and that can be felt through the honest service they provide. Their goal is to go above and beyond to meet the customer’s needs and get them back on the road.
R & B Truck and Equipment Repair is a family-owned and operated business. The husband and wife, Mr. and Mrs. Kholbaev with the help from their son Alex, daughter Nodira, son-in-law AJ, and son Akmal run the business. Akram and Munira have been entrepreneurs in both the United States and Uzbekistan, where in Uzbekistan they co-founded one of the largest government construction contracting businesses. Alex has worked in finance with a background in management consulting and had exposure to M&A throughout his professional career.
While looking for business opportunities, they met Bob and the employees at R & B Truck and Equipment Repair and knew this was a good fit for two reasons – family and culture, as R & B Truck and Equipment Repair was a small family ran business as well. Truck/heavy equipment and auto repair also complements their current LTL and TL trucking business. When determining financing for this business acquisition, they knew an SBA loan would be a great option based on the size of the business and the benefits available.
Their Business Broker, Doug, introduced them to our SBA Business Development Officer, Brendan McMoran. Brendan was able to structure an SBA 7(a) loan that provided a fixed rate, lower down payment, and longer term.
The Kholbaev Family had this to say about their experience working with Brendan McMoran:
Brendan was phenomenal and helped guide us through the whole process. Brendan was great in helping to communicate with everyone involved to ensure we were able to get the loan approved and closed. I would 100% recommend Brendan to any business owner!
We enjoyed partnering with Akram, Munira, and their family on the acquisition of R & B Truck and Equipment Repair. We wish them all the success in the future!