Marine Floor Plan Financing

Dealer floor plan financing frequently asked questions for borrowers and lenders what is floor plan financing.

Marine 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. However not all inventory finance companies offer retail and dealership wholesale financing options. By acting as the supplier s single source of floorplan financing northpoint offers supplier supported terms and greater program flexibility. In the end the final legislation preserved the one hundred percent deduction for floor plan financing for motor vehicle dealers.

Providing our dealers with a line of credit customized for their needs in order to buy inventory and keep business moving. 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. 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.

Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods. An auto rv manufactured home etc. Auto credit we strive to continue business with our dealers as we provide additional floor plan financing. 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.