Marine Floor Plan Financing

An auto rv manufactured home etc.

Marine floor plan financing.

Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods. However a change in how motor vehicle is defined has led to the current situation where dealers of towable rvs are capped at a 30 percent deduction of floor plan interest. Operating from both u s. By acting as the supplier s single source of floorplan financing northpoint offers supplier supported terms and greater program flexibility.

While some lenders are unable to properly serve independent dealers nextgear capital has proudly served the independent dealer market for over ten years our floor plan financing options allow dealers to finance nearly any. Auto credit we strive to continue business with our dealers as we provide additional floor plan financing. Auto dealer floor planning services at u s. We form exclusive inventory finance programs with a manufacturer or supplier that may be marked and managed under their name to give customers more control over their business.

These loans are made against a specific piece of collateral i e. However not all inventory finance companies offer retail and dealership wholesale financing options. Dealer floor plan financing frequently asked questions for borrowers and lenders what is floor plan financing. And canada offices tcf inventory finance offers floorplan financing solutions to manufacturers distributors and dealers in various markets including powersports lawn and garden recreational and specialty vehicles marine construction agriculture and consumer electronics and appliances.