Notre Dame Federal Credit Union (Notre Dame FCU) and Dealer Benefit have joined forces to introduce a nationwide Automotive Dealer Loan program, offering dealership funding based on future vehicle and/or Finance and Insurance contract sales.
With a strong history of service and community support, Notre Dame FCU is eager to expand its reach and impact through the Dealer Loans program. Chief Innovation Officer, Robert Shane, shared, “Like an automotive dealership, Notre Dame FCU has a rich history embedded in service and supporting local communities. These common traits make Dealer Loans a perfect way for our credit union to expand into even more communities.”
This opportunity extends a $500,000 advance loan to dealerships averaging 100 vehicle sales a month. The loan repayment is structured by adding an override to each unit sold and associated F&I products, with repayments spread out over a two or three year period.
Dealer Benefit takes on the role of Notre Dame FCU’s exclusive nationwide marketing agency, showcasing a deep commitment to the success and growth of dealership owners. President of Dealer Benefit, Scott Lear, remarked, “Dealership owners are incredible entrepreneurs always looking for innovate avenues for growth and these loans give that type of flexibility. They allow funds to be utilized for franchise expansion, purchasing land, capital improvements or whatever their future growth plans merit.”
Prospective dealerships and vendor partners are encouraged to learn more about this exciting opportunity by visiting http://www.DealerBenefit.com/loans or calling 888-204-5125 for more information.
This partnership between Notre Dame FCU and Dealer Benefit demonstrates a mutual commitment to supporting the growth and success of automotive dealerships nationwide. With a focus on community, innovation, and flexibility, the Automotive Dealer Loan program provides a unique avenue for dealership owners to fuel their businesses’ expansion and advancement.
By establishing this program, Notre Dame FCU and Dealer Benefit aim to foster entrepreneurship and growth within the automotive industry, enabling dealerships to access the financial resources necessary to pursue their ambitious and visionary plans for the future. This collaboration reflects the shared values and dedication to service and community that define both organizations, and it is poised to make a significant impact on the automotive dealership landscape.
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