NextGear Capital has been a part of the Carmel community since 2013 after a successful merger between Dealer Services Corporation (DSC) and Manheim Automotive Financial Services. The company employs over 900 team members and is the country’s leading provider of floor plans to independent dealers. A floor plan offers automotive dealers flexible and customizable lines of credit to acquire inventory for their dealership. Unlike taking out a loan from a traditional bank, a floor plan is a revolving line of credit that a dealer can utilize for the life of their business. NextGear Capital supports more than 23,000 dealers with financing while also giving them access to tools like Account Portal which helps them easily manage their day-to-day business.
While NextGear Capital is focused on investing in its dealers, it also believes in giving back to the local community. Because of this, team members have been active in volunteering for organizations like Habitat for Humanity and local food pantries. Every year, the company hosts a “No Excuses Month” in conjunction with their parent company, Cox Automotive, where team members are encouraged to volunteer throughout their communities. Some of the activities included annually are a Polar Plunge to benefit Special Olympics, hands on activities with Keep Indianapolis Beautiful and a company-wide blood drive for the Versiti Blood Center of Indiana.
During the recent COVID-19 pandemic, NextGear Capital team members further stepped up by making over 100 masks for family members, friends and neighbors. The company also made a $25,000 donation from the James F. Cox Foundation to Gleaners Food Pantry to support local families in need during the pandemic.
It’s no surprise that several of its dealers are also active in local nonprofit organizations in their communities like Military MOMS of Fort Jackson and 33 for Charity. NextGear Capital knows that by investing in its dealers, they’re also able to make in impact in the communities that their clients operate in.
As a part of Cox Automotive, the company prides itself on being committed to diversity and creating an inclusive workforce through its Employee Resource Groups (ERG’s). Some of these include PRIDE, Mosaic and Women with Drive, all whose missions include creating a supporting and authentic work environment for groups and individuals who face discrimination throughout society. It also encourages the ideas of young people through internships available throughout the organization.
To find out more about NextGear Capital and how it gives back to the local community, you can follow them on Facebook or visit www.nextgearcapital.com.
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