Santander Consumer Enhances Vehicle Financing for Small Businesses

Santander Consumer Expands Vehicle Financing Options

Santander Consumer USA Inc. has taken a significant leap in supporting small businesses across the country by expanding its vehicle financing program. This initiative allows all automotive dealers to offer comprehensive vehicle financing options, facilitating better access for business owners looking to invest in their vehicle fleets.

Supporting Small Businesses and Entrepreneurs

The program primarily targets small businesses with fewer than 10 vehicles, including startups and small franchises. By addressing the existing gap in financing options, Santander Consumer provides these entrepreneurs with the essential tools they need to grow and thrive in a competitive marketplace.

Enhancing Financial Solutions for Dealers

Santander Consumer understands the challenges faced by automotive dealers when processing vehicle financing applications in a business's name. By streamlining this process, the initiative allows small businesses to submit applications efficiently, giving them access to necessary vehicle financing through dealerships nationwide.

A Commitment to Dealerships and Entrepreneurs

According to Betty Jotanovic, President of Santander Consumer, "This expansion is an exciting step forward for both our dealers and small business customers." She further elaborated on the dire need for more robust financing options, emphasizing the program's role in enhancing the choices available to small business owners.

Benefits for Small Business Owners

This comprehensive program not only eases the vehicle financing process but also equips dealers with the ability to offer dependable financing options to all small business customers. As small businesses are seen as the backbone of the U.S. economy, Santander Consumer is committed to bolstering their growth through accessible vehicle financing solutions.

Recent Enhancements and Partnerships

Over the past year, Santander Consumer has actively expanded its partnerships with leading car manufacturers such as Mitsubishi and Lotus. This expansion has broadened the range of financing options available, accommodating the diverse needs of customers while reinforcing the dealer's position within the market.

Tailored Financial Solutions

Furthermore, Santander's innovative suite of offerings under the Drive brand has enhanced its ability to provide customized financial solutions. This holistic approach not only reaffirms Santander Consumer’s dedication to their dealers but enhances their leadership in the vehicle financing sector.

About Santander Consumer USA Inc.

Santander Consumer USA Inc., based in Dallas, Texas, is a dedicated consumer finance company focusing on vehicle finance and third-party servicing. With over three million customers spanning the full credit spectrum, Santander Consumer has made a name for itself since its inception in 1997. Today, it operates as a wholly owned subsidiary of Santander Holdings USA, Inc., and a part of the larger Santander US Auto business boasting an asset portfolio surpassing $61 billion.

Recognized as one of the top global banking leaders, Banco Santander consistently ranks as one of the world’s most admired companies. For those looking for more information about what Santander Consumer has to offer, the company's resources can be accessed at their website.

Frequently Asked Questions

What is the goal of Santander Consumer's new program?

The goal is to provide small business owners with broader vehicle financing options, enabling them to grow their businesses.

Who can benefit from Santander’s vehicle financing program?

The program primarily benefits small businesses with fewer than 10 vehicles, along with automotive dealers across the country.

How does this program support automotive dealers?

It streamlines the financing application process, providing dealers with more robust options to serve their small business customers.

What has Santander Consumer achieved recently?

Recently, they have expanded partnerships with various car manufacturers to offer a wider range of financing options tailored to customer needs.

Why is this program important for small businesses?

This program is vital as it addresses a significant gap in financing solutions, essential for the growth and sustainability of small businesses in the U.S. economy.

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