Gary R. Page, SDA’s CEO, says that he is excited to have Mr. Burnett joining the firm that he founded 22 years ago. “Chris and I have been business associates for years and I’m pleased that he is now joining SDA. Together, we will continue to build SDA’s position as one of America’s premier auto-dealer finance companies.” In addition to his responsibilities with SDA, Mr. Burnett will continue as President of Cornerstone Bancshares, Inc. and as a Director of its subsidiary company, Cornerstone Bank, one of the nation’s leading Small Business Administration lenders. Burnett says that “as we pull ourselves out of the recession, private finance companies and community banks will both fill important roles in funding America’s recovery. I am excited to be involved in both sides of the financial industry.”
ABOUT SDA (Small Dealer’s Assistance): Small Dealers Assistance (SDA) provides capital from $10,000 to $1 million to qualified BHPH dealers. SDA funds money on buy here-pay here (BHPH) receivables lets dealers continue to collect from their customers. Dealers get the capital they need to grow their business without the negative consequences of selling off their notes. SDA thoroughly understands the BHPH industry and will structure a program designed to meet the dealer’s cash flow needs.