Car Dealership Financing

For all New & Used Vehicle Dealership (Flagged):

  • New and Used Car Floor Plan for Flagged Dealership (1.75% to 2.50%)
    • Minimum Loan Amount $1,000,000
    • Maximum Loan Amount $ None
  • Advances
    • New
      • 100% of Manufacturers Invoice Cost
    • Used
      • 100% Auction
      • 100% Rental
      • 90% Trade (NADA) - up to 7 model years old with minimum value of $8,000
  • Standard Loan Program for the Acquisition/Refinance/Partner Buyout
    • Minimum Loan Amount $100,000
    • Maximum Loan Amount $10,000,000 (Using the SBA 504 program)
  • Financial Covenants
    • Maximum Leverage 7.50
    • Minimum Current Ratio 1.10
    • Minimum Debt Service Coverage 1.25
  • Personal Guarantees Required

Credit Package Needed for Car Dealership:

  • Application
  • Last 3 months of Bank Statements
  • Personal Financial Statement
  • Last 2 years of Personal Tax Returns
  • Last 2 years of Business Tax Returns
  • Current Interim Financial Statement on Business
  • Last 2 years Business Financial Statements
  • Business Debt Schedule
  • Pictures
  • Articles of Incorporation/Organization

Contact Our Team Today

To learn more about our program or to get started today, contact us today.