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First Business Bank Funds $6MM Floorplan Financing Line of Credit to Virginia Dealership

September 14, 2023, 07:05 AM
Filed Under: Industry News

First Business Bank’s Floorplan Financing team announced it funded a $6 million inventory floorplan line of credit for a thriving Virginia-based independent car dealership, the largest in their respective market.

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 more than $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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