Home Loan Investment Bank’s [HLIB] powersports dealer network is closing in on 120 dealers, after adding 50 dealers at the end of May, said Mike Dikdan, the bank’s vice president of auto lending.
Warwick, R.I.-based HLIB partnered with Octane Lending — an indirect lending platform provider that pairs dealers with lenders — in December 2015, and has since onboarded dealers in phases. The most recent batch of 25 dealers were added in April.