Key enjoys long-standing auto dealer financing relationships with dealerships around the country. Recent successes include:
- A Michigan-based class 8 specialty truck dealer was able to reduce inventory-carrying expenses, commit to construction of a second facility, and ensure adequate cash flow with special up-fitting financing through a $33 million credit facility.
- Through acquisition financing of $7 million, a Northeast Ohio automobile dealer was able to buy out his minority partner in two dealerships, ensuring the business remains in the family with his active children.
- A Washington State auto dealer selling import franchised vehicles from two locations was able to expand and diversify his business via purchase of a domestic franchise dealership at a third location. In addition to providing $8,400,000 in floorplan borrowing facilities for the domestic store, Key is also administering a $1,700,000 construction loan for necessary improvements to one of the import stores.