WARWICK – Home Loan Investment Bank is partnering with the National Independent Automobile Dealers Association with the goal of helping the association’s members increase auto sales of all sorts, the bank announced.
The association, on the other hand, said the partnership will help the bank expand its presence in the independent auto retail market. Terms of the deal were not disclosed.
“We are excited about this opportunity to get to know [the association’s] member dealers and show them how a bank named Home Loan can help them sell more cars,” said Brian Murphy, the bank’s chairman and CEO.
The bank is the association’s newest “Bronze level” national corporate partner.
“Home Loan works with dealers to offer car buyers a unique value proposition: financing for any make, any mileage, any year,” Murphy said. “In addition to automobiles, we finance motorcycles, recreational vehicles and commercial vehicles. We offer loans for new and used vehicles, as well as financing.”
Scott Lilja, the association’s senior vice president of member services, said Home Loan’s 50-plus years of experience in the banking and lending business helps make the company a strong partner.
“Home Loan Investment Bank has developed very attractive lending solutions for our independent auto dealer members,” Lilja said. “That helps address one of the biggest challenges our members face – access to high-quality, profitable, first-class service and auto-lending resources.”
Scott Blake is a PBN staff writer. Email him at Blake@PBN.com.
