BFNYC understands that it’s typical for auto dealerships to have most of their assets tied up in inventory such as new cars, trade-ins, and spare parts. Car dealerships often need small business loans to pay dealership fees and other expenses to keep them going when sales temporarily slow. However, the competitive nature of the auto sales industry can sometimes put car dealership owners in a tough position when acquiring business loans for their operational expenses. Hence, BFNYC provides a auto dealer financing program designed specifically for the auto dealership industry.
Business owners can utilize the auto dealer financing program from BFNYC for: