Borrower Spotlight: Greve Chrysler-Jeep-Dodge  


Website: Greve Chrysler Jeep Dodge Ram (grevechryslerjeepdodgeofvanwert.com) 

Location: Van Wert 

County: Van Wert 

Lending Partner: Citizens National Bank 

Founded in 1986, Greve Chrysler-Jeep-Dodge is a long-established Northwest Ohio car dealership located in Van Wert, Ohio.  The business utilizes 3 properties to operate the business, which includes the main dealership building, repair facility, storage, a paved lot and a showroom building. 

OSDC partnered with Citizens National Bank to help Greve secure an SBA 504 loan to reimburse the purchase of one property, refinance the existing debt used to purchase another property and finance the renovation and expansion of the current dealership, adding over 6,700 square feet of space and a modernized showroom/office space. This financing allowed Greve to expand the business, save on operating expenses and gain equity in the property.