Bobby Jones Ford/Lincoln

LOAN AMOUNT: $6,946,000

LOAN TYPE: SBA 504 Loan

INDUSTRY: Auto Dealer

LOAN DETAILS

Location

Augusta, Georgia

1st Mortgage

$ 3,812,000

Term

25 years

2nd Mortgage

$ 3,134,000

Term

20 years

Jobs

98

History

To refinance the current short-term financing on the facility with a permanent loan. This loan could not have been done without the SBA 504 Re-Fi, FMLP Program.

Through many market changes and throughout its twenty years of operations, Bobby Jones Ford has continued to be a leading dealership in the Augusta Community. The company has been awarded the Ford Motor Company President’s Award three times which is one of the most coveted customer service awards among Ford dealerships.

Mr. Lawrence, President and owner of the Bobby Jones Ford Lincoln, purchased the Ford dealership in 1991 and the Lincoln dealership in 2008. Prior to owning the Bobby Jones Ford, he owned a Pontiac Motor Division GMC dealership for ten years and a Toyota Dealership for three years. Frank sought to incorporate innovative ideas and advertising to Bobby Jones Ford, which were lacking at the time of acquisition.