Bad Credit Dealer Floor Plans

Using cash or a bank line of credit to purchase inventory can work for some car dealers but many floor plan financing companies offer a variety of dealer specific benefits.

Bad credit dealer floor plans.

Afs is accepted at all manheim and adesa auto auctions across the country. Specifically you should have a history of utilizing and repaying debt. Our floor planning financing model provides dealers with more buying power enabling them the ability to increase their inventory expand their profits and maximize their cash flow. The sba also offers permanent loan programs targeted at all small businesses.

Eventually the sba offered the dealer floor plan financing pilot program dfp which ran in 2010. Dealer floor plan credit lines the first thing to note about our floor plan financing is how versatile it is. Dealers can also take advantage of the most competitive floor plan inventory insurance programs in the nation. Sub prime financing floor planning bad credit loans specializing in floorplans regional prime to sub prime lender programs f i products and other dealer related services.

Bad credit and hiccups on credit history aren t always deal breakers but they will likely reduce the amount for which you qualify. Preferred funding llc is committed to building long term relationships with dealers. The basics first and foremost to qualify for a floor plan you need to have credit. Keep up with demand fuel your dealership s growth with up to 500 000 in funding in just 24 hours.

1616 and a representative will be in touch with you soon. In addition to freeing up the cash a dealer has on hand other floor plan financing benefits can include extra flexibility in terms of paying off a particular piece of inventory payment extensions and credit increases if. To learn more about our dealer floor plan financing program call us at 1 800 522 2013 ext. We provide flexible credit lines from 50 000 to 1 000 000 and offer a variety of floorplan financing programs specifically geared to the needs of the independent used car dealer.

Make sure to check sba s website regularly so that you don t miss out when these dealer specific programs are announced. Our gold plan is the industry s only no fee floor plan and offers rates as low as 80 day per 1 000 financed. Floorplan woes no longer floor car dealers. In a nutshell our dealer floor plan experts empower independent car dealerships through credit lines all of it backed by industry best customer service stellar back end account management and competitive rates.

Credit availability was never as bad as it seemed.