LINE OF CREDIT

Build wealth and Maintain your customer relationships while improving cash flow and your financial condition.

What are the Benefits?

• Line of Credit Specific to Your Dealership or Finance Company
• Focus on what you do best, originate loans through collaboration with your financial partner
• We will provide the loan servicing with our best-in-class team
• Easy to Understand Borrowing Base and Collateral Reporting

Program Highlights

• Build a captive buying partner. No need to sell to different parties every month.
• Advance Rates Determined by Vehicle Cost and Expected Collateral Recovery Rate
• Monthly Finance Receivable Reporting
• Family office. Personal relationships. Collaboration.

Documentation / Closing
IDA Acceptance 360 will Draft Agreement documents with the client, hold an onboarding call between the client and IDA Operations, review files for funding, and close/fund the deal.

IDA Acceptance 360 requires you to complete a Line of Credit application as well as have valid in-house contracts, written policies and procedures, a compliance management system, a web-hosted DMS, and tax returns.

Below is a complete list of required data tape fields from your inventory. Please provide the following:

Customer Information:

• First & Last Name
• Social Security Number
• Street Address
• City/State/Zip
• Date of Birth
• Home Phone
• Cell Phone
• Work Phone