First Business: Floorplans for Independents

By Staff Writer June 17, 2020

First Business announced the launch of its new Floorplan Financing suite of solutions for independent car dealers nationwide.

Floorplan Financing allows car dealers the flexibility to finance their acquisition of used cars, preserving cash flow and allowing dealers to buy preferred inventory. Floorplan Financing is the latest expansion of First Business’s specialty finance solutions, offering floorplanning programs from $500,000 to $10 million for larger, well-established independent car dealers. This limited focus, a hallmark of First Business’s business model, facilitates a smaller clientele than large competitors, empowering personalized concierge service.

Industry veterans Jeff Widholm, managing director, John Goodyear, vice president, and Amanda Schreeg, servicing manager, join First Business to operate Floorplan Financing.

“We’re thrilled with the experts we’ve brought on to build and deliver our Floorplan Financing solutions,” said Dave Seiler, COO of First Business Financial Services, Inc. “They have so much experience and share the First Business vision of focus and client service.”

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Last modified on Wednesday, 17 June 2020 15:58