Auto Related

Definition:
a loan that works for a broad range of auto industry and auto service facilities.

Examples:
financing can be arranged for car washes, auto repair centers, dealerships, and parking lots. We use additional underwriting criteria to valuate the building as an asset in addition to the inventory of cars or the cash flow from services.

Car facilities are usually desirable for their location and real estate associated with the loan package. We have specialized auto-related loan reps who have years of experience in funding these transactions but who have also participated in the everyday movement of vehicles.

Auto auction transfers and dealership liquidations are also part of the deal flow that comes through our doors and is dispersed back out into the marketplace. We pride our selves on connecting the car industry to customized loan options for their business, think of it as “chrome for your company’s finances.”