Marketplace Chevrolet Buick
[ Article was originally posted on www.louisianacapital.com ]
Louisiana Capital along with banking partner, Red River Bank, recently closed on the permanent loan for Marketplace Chevrolet Buick allowing them to open a new, larger, 24,000 plus square-foot facility. Owners James Lynch and John Adam's vision for growth into a new state-of-the-art facility became reality with the opening of the new location on I-49 at the Stonewall exit in Stonewall, LA in the fall of 2015.
Serving DeSoto Parish and the surrounding areas in Northwest Louisiana for over 25 years, Mansfield Auto World is now Marketplace Chevrolet Buick, North Louisiana's most dynamic Chevy, Buick, and used car dealership.
"Red River Bank along with Louisiana Capital CDC, introduced a financing product that was a perfect fit for our new project. By using the SBA 504 Program, we were able to take advantage of a lower down payment requirement and fixed rate financing option for a longer period of time. We are very excited to start this new phase of our growth and we are proud of our new partnership with Red River Bank, Louisiana Capital CDC and the SBA." says James Lynch.
Commercial Lender, BJ Robison of Red River Bank says "Being able to offer our clients options for long-term financing is a big plus for our bank. For this project, the lower down payment, longer term, fixed rate that 504 offers was attractive to our borrower. Getting Louisiana Capital involved early on in the process was key to the quick five-day SBA approval turnaround."
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