Car Corral


Car Corral, a used car dealer in Kenosha, just purchased a new location at 6000 49th Street. This will give owner Matt Lindstrom room to grow the business, as the larger property will allow for a larger and more varied inventory, as well as space for in-house vehicle repairs. Exposure and visibility will increase for the business because the new location sits along Green Bay Road.

"Thomas at BLP has been a huge help through the entire process. He is very knowledgeable and has always been willing to help find a way to make this project work. I would definitely recommend anyone going down a similar path as I did to contact BLP and see what options are available."

Matt Lindstrom, Owner, Car Corral

Car Corral first opened in Kenosha in 1987. Lindstrom has been working with the company since 2008 and has been an owner since 2010. He has an Automotive Degree from Universal Technical Institute, is an ASE Master Technician, and previously worked as a master mechanic. Car Corral sets itself apart from the competition with their strong reputation and attention to detail - such as the warranty they offer and thorough vehicle inspection, both of which are rare in the used car industry.

"BLP has great financing options that allow customers access to long-term fixed rates with a variety of down payment options to suit a customer's needs. Besides the services they offer, Carolyn, Thomas, and the rest of the BLP staff are great to work with and I look forward to partnering with them again!"

Robert Pieroni, Community State Bank

Funds were made available through BLP from the US Small Business Administration (SBA) 504 program. BLP partnered with Community State Bank to complete the funding. The 504 program helps lower the down payment requirement of the borrower while also providing long-term fixed-rate financing to help mitigate future costs. Criteria like commitment to create jobs, which was met by Lindstrom’s plan to add six new positions, are how most companies for the program.

DOWNLOAD PRESS RELEASE

SBA 504

December 2018

25-Year Fixed Rate:

4.990%

20-Year Fixed Rate:

4.926%

10-Year Fixed Rate:

5.590%