Dealer Benefit Teams Up with Notre Dame FCU to Introduce Automotive Dealer Loan Program

Tampa, FL, January 010, 2024 – Notre Dame Federal Credit Union (Notre Dame FCU) and Dealer Benefit are partnering to announce a nationwide Automotive Dealer Loan program. This program will present dealership funding primarily based on future car and/or Finance and Insurance contract gross sales.

“Like an automotive dealership, Notre Dame FCU has a wealthy historical past embedded in service and supporting native communities. These widespread traits make Dealer Loans an ideal manner for our credit score union to increase into much more communities,” mentioned Robert Shane, Chief Innovation Officer at Notre Dame FCU.

To obtain a $500,000 advance mortgage the dealership would want to common 100 car gross sales a month. The mortgage reimbursement is made by including an override to every unit offered and F&I merchandise. The repayments are paid again over a two or three 12 months interval.

Dealer Benefit will act as Notre Dame FCU’s unique nationwide advertising company.

“Dealership house owners are unimaginable entrepreneurs at all times in search of innovate avenues for progress and these loans give that kind of flexibility,” mentioned Scott Lear, President of Dealer Benefit. “They enable funds to be utilized for franchise enlargement, buying land, capital enhancements or no matter their future progress plans benefit.”