NEW YORK -

On Monday Capital One announced that the finance company provided a $23 million floorplan line of credit to Johnny Londoff Chevrolet, a second-generation family owned dealership that has been in business for more than 60 years in Florissant, Mo., a suburb of St. Louis.

“We’re thrilled to expand our relationship with Londoff Chevrolet and provide the dealership with the highest level of customer service,” said Michelle Carriere, senior vice president and manager of Capital One’s Commercial Dealer Services Group.

Johnny Londoff Chevrolet offers a large inventory of new and certified pre-owned vehicles, carrying an abundant supply of makes and models. The store also provides parts and repair services.

“We were impressed by Capital One’s responsiveness and attention to detail in our discussions,” said John Londoff Jr., owner and president of Johnny Londoff Chevrolet. “Through Capital One’s Commercial Dealer Services and Capital One Auto Finance, I have the banking relationship I was looking for, one that meets both my commercial and retail needs.”

Capital One Bank’s Commercial Dealer Services Business can provide a wide array of banking and financing solutions to franchised dealerships, as well as providing them strong retail support through Capital One Auto Finance.