|
Lending
Capabilities
|
Up to $40 million |
|
Lending
purposes
|
Floor plan lines of credit, dealership equipment and real estate financing |
|
Asset Types
|
New and used automobiles, RV's and boats |
|
Advance
rates
|
Up to 100% on new inventory and used inventory purchased at a live open auction
Up to 100% of the lesser of cost or guidebook wholesale value on trade-ins Up to 100% of cost of dealership equipment Up to 80% on fair market value of real estate
|
| Terms | Up to 3-year commitments on floor plan lines of credit with competitive curtailments 3 - 5 years on equipment 5 - 20 years on real estate |
|---|
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