First Business Partners with Independent

By Staff Writer October 12, 2024

First Business Bank’s Floorplan Financing team has funded a $5 million inventory floorplan line of credit for an independent car dealership in Colorado. The second-generation dealership selected First Business Bank as its floorplan partner to help increase its profitability and support its future growth plans.

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 range 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 Thursday, 17 October 2024 10:42