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First Business Bank Funds $22MM Floorplan Financing Line of Credit for Car Dealership

December 08, 2023, 07:36 AM
Filed Under: Specialty Finance

First Business Bank’s Floorplan Financing funded a $22 million inventory floorplan line of credit for a large independent car dealership in Texas.

The new client, a family-run business, was impressed by the Floorplan Financing team's response time and diligence to secure the floorplan for them.

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 over $20 million for larger, well-established independent car dealers.

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