Auto floor plan financing is a specialized form of financing used by auto dealers to finance their inventory. It allows dealers to purchase vehicles from manufacturers or distributors and hold them on their lot until they are sold to customers. This type of financing is essential for auto dealers to maintain a diverse inventory and meet the needs… Read More »
Auto Dealer Floor Plan Financing is a form of secured lending specifically designed to meet the inventory financing needs of automobile dealerships. It empowers dealers to acquire and maintain a diverse inventory of vehicles to cater to their customers’ preferences. Dealers can utilize these funds to purchase vehicles from manufacturers or wholesalers, allowing them to offer a broader… Read More »
Floor plan financing is a specialized form of financing used by businesses, commonly in the automotive industry, to finance the acquisition of inventory. It provides a way for businesses to purchase inventory without having to pay for it upfront. Instead, the lender, often a bank or financial institution, holds the inventory as collateral and releases it to the… Read More »
Automotive Floor Plan Financing is a type of financing that enables car dealers to purchase vehicles from manufacturers and hold them in inventory before they are sold to customers. It provides dealers with the necessary capital to maintain a diverse inventory of vehicles to meet consumer demand. Typically, manufacturers offer dealers lines of credit, known as floor plans,… Read More »
The U.S. Small Business Administration (SBA) Dealer Floor Plan Financing Program is a loan program designed to help small businesses, such as car dealerships and heavy equipment dealers, obtain financing to purchase inventory. The program provides loans of up to $5 million to eligible businesses, with terms of up to ten years. The loans can be used to… Read More »
Dealer floor plan financing is a type of financing that is specifically designed for automobile dealerships. It allows dealerships to purchase vehicles from manufacturers and hold them for sale without having to pay for them upfront. This type of financing is essential for dealerships to be able to operate, as it allows them to stock a variety of… Read More »