What Is A Dealer Floor Plan

From utilizing auto dealer floor plans to stocking seasonal inventory tips for managing a successful lot are only a click away.

What is a dealer floor plan.

With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. There s never been an easier way. Get floor plan buying power to over 1 000 live and online auctions nationwide. You may obtain a dealer floor plan from a bank or there are many dealer floor plan providers listed by clicking here you may also go to google bing or yahoo and type in dealer floor plan providers.

Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. Dealer floor plan dfp p sba form 147. Let s say you make a profit of 3 000 per car sold. Note 7 a loans.

Our experienced client managers are dedicated to the automobile dealer market. An auto rv manufactured home etc. Dealer floor plan financing frequently asked questions for borrowers and lenders what is floor plan financing. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods.

These loans are made against a specific piece of collateral i e. Read more about sba form 147. For example a dealer might be able to borrow 10 million over the year to purchase 300. Floor plan lines of credit.

No curtailments or audit fees. Case studies supplementing working cash with a floor plan is a tried and true method to grow business. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. The loans are often made with a one year term and based on an aggregate budget.

Their extensive experience allows them to understand your business and its requirements and they can create a plan geared toward your success. Monday friday 8 30 5 30 est. Call or apply now 864 234 9696. It is a plan to finance the vehicles on your floor.

Note 7 a loans. Dealer dealer floor plans. A dealer floor plan is a loan for your vehicle inventory. Floor plan lenders include local and regional banks large national banks and financing companies owned by the manufacturing companies like toyota financial or ford credit.

Our floor plans offer quick cash flow great terms and no curtailments. Fee disclosure form and compensation agreement for agent services in connection with an sba 7 a loan.