Lender Announces Recent Floorplan Deal

By Staff Writer September 13, 2023

First Business Bank’s team has funded a $6 million inventory floorplan line of credit for a thriving Virginia-based independent car dealership, the largest in their respective market.

First Business Bank’s Floorplan Financing team offers independent car dealers the flexibility to finance their used car purchases, preserving cash flow and allowing them to buy preferred inventory. Floorplanning programs are available from $500,000 to $20+ million for larger, well-established independent car dealers. This limited focus, a hallmark of First Business Bank’s business model, facilitates a smaller clientele than large competitors, empowering personalized concierge service.

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Last modified on Friday, 15 September 2023 12:20