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

December 08, 2023, 07:18 AM
Filed Under: Industry News

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. 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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