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First Business Bank Funds $5MM Floorplan Financing Line of Credit to Dealership

January 30, 2024, 07:10 AM
Filed Under: Automotive

First Business Bank’s Floorplan Financing team recently funded a $5 million inventory floorplan line of credit for an independent car dealership in Georgia.

After considerable due diligence, ownership was very impressed and selected First Business Bank as their new floorplanning partner, leaving their previous non-bank floorplan lender.

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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