A male auto dealerships owner shaking hands with a new customer

Loans for Auto Dealerships

Buying or selling an auto dealership business?

At Live Oak Bank, we know that buying or selling an auto dealership can be overly complicated and frustrating. You deserve a bank that makes the lending process simple and clear, so you can achieve your business goals.

Live Oak offers loans for auto dealership franchises in all 50 states. Working with a lender who specializes in financing for auto dealership franchises is key to navigating the complex process of securing the capital you need. Because we work with auto dealership transactions every day, we can anticipate the surprises and challenges you may face, ultimately helping to structure a loan that works for your needs. We understand blue sky value and multiples associated with franchise dealerships, so you don’t have to spend time getting us up to speed on the process.

Whether you want to buy a franchise auto dealership business, sell your existing business, expand to a second or third location, refinance existing business debt or require working capital, Live Oak can be your trusted finance partner.

Recently Closed Deal

Ford Auto Dealership

  • First-time buyer, dealership purchase
  • Term loan amount: $2.5 million
  • Pennsylvania

”The team at Live Oak Bank was willing to help me finance my dealership purchase when no other lender would give it a shot. The most impressive part of my experience was how proactive, organized and knowledgeable they were about the SBA rules and processes.

When unexpected bumps did arise, such as a Phase II on the real estate, the team was fast to communicate and reach a quick solution. I would recommend Live Oak as a financing solution to other folks looking to purchase an automotive dealership.”
– Jeff, Dealership Owner

Personalized Service You Deserve

We’ll meet you where you are, whether that’s creatively structuring a small business loan or helping you maximize your money with a high-yield savings account. No need to jump through hoops for our attention — get the service you deserve from Live Oak Bank.

A DIFFERENT APPROACH TO SMALL BUSINESS LOANS

When you work with Live Oak, consider us a true partner to help you buy, build or expand your business.

SMALL BUSINESS LOANS 101 GUIDE

Our team is experienced and can confidently guide you through the lending process. But first, download our guide with essential details about the basics of small business loans.

Our Team Understands Your Business

  • Jason Lumpkin
    SVP - Auto Dealerships

    Email Jason | 443.834.8826

  • Connor Duncan
    VP - Dealerships

    Email Connor | 704.614.8002

We're ready when you are

Male using his phone to search for personal banking products

From our resource center

As part of our commitment to supporting small business owners, we have a library of free educational resources available to anyone. Here’s what you can expect to find in Live Oak Bank’s Resource Center:

  • Loan product overviews
  • Marketing tips and tricks
  • Small business fundamentals
  • Live Oak customer spotlights