Bobby Jones Ford/Lincoln
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.