David Braeger, the Milwaukee-area entrepreneur who brought crowdfunding to the auto finance market two years ago, has come up with a new idea that he says makes it easier and cheaper for independent used-car dealerships to finance their inventories and their internal operations.
Braeger’s newest innovation is a short-term note program that he says not only cuts dealers’ financing costs in half but also reduces the pressure on them to sell cars as quickly as possible, often at a loss — plus it provides a pretty good return for investors.
