DRIVE-IP is Canada’s first investment group dedicated to funding Canadian automotive businesses primarily focused on auto dealerships. Our team works with experienced business operators providing capital for various business needs. Our lending solutions include high interest mezzanine loans and longer amortizing unsecured loans. Our pricing reflects the benefits of this patient and higher leverage solution for borrowers.
Deals We Look For
Is your facility out-of-date and in need of an upgrade? Do you need a new showroom? New Signage? DRIVE-IP can provide construction financing solutions for the coming wave of re-imaging requirements post-COVID.
Are you looking to buyout a partner? Are you looking to buy into a dealership as a minority owner? DRIVE-IP can finance shareholder transactions providing patient loans secured by personal guarantees.
First and second position mortgages are available. Dealers will need a valid appraisal and environmental report. DRIVE-IP can provide high loan-to-value (LTV) mortgages to finance automotive or commercial properties based in Canada.
DRIVE-IP can move quickly to fund transactions that may require rapid turnaround times. Whether it’s a triggered shot-gun clause, a timing gap between financing a purchase and selling an asset, or bridge financing for a commitment that fell through at the last minute, DRIVE-IP can move fast to help you close.
Investing in a new roof, lift equipment, parking lot, etc? We can help finance dealership CAPEX providing flexible high loan-to-value solutions.
Hit a bump in the road and need time to find a solution? DRIVE-IP can refinance and postpone senior bank debt creating enough breathing room for dealers to find a solution.
DRIVE-IP will finance both fixed assets and goodwill to help close a desired acquisition. We can work with both your floor plan financing partner and Schedule A bank to provide the gap financing you need to close your acquisition.
Decline for an operating line increase? DRIVE-IP can finance additional working capital advances or purchase orders.
Size of Loan:
$1,000,000 up to $20,000,000 CAD
Term of Loan:
3 to 36 months
Automotive Retail Only
(For example; dealerships, auto body, other
automotive-retail product/service providers)
DRIVE-IP has no minimum profit required, we structure loans on a case-by-case basis.
What We Require Upfront:
- Signed DRIVE-IP Non-disclosure agreement (NDA)
- Minimum four years of dealer statements and accountant prepared statements
- A summary of the transaction, build plans, equipment invoice, etc.
- A personal net worth statement (form to be provided)
Get Started Today
Borrowing with DRIVE-IP is easy! Complete the form below and start your borrowing application. One of our specialists will call you to discuss your options and the next steps.