Marine Floor Plan Financing

Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods.

Marine floor plan financing.

These loans are made against a specific piece of collateral i e. Floor plan finance options are popular within the automotive industry. 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. 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.

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. Auto credit we strive to continue business with our dealers as we provide additional floor plan financing. 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.

Auto dealer floor planning services at u s. An auto rv manufactured home etc. However not all inventory finance companies offer retail and dealership wholesale financing options. Providing our dealers with a line of credit customized for their needs in order to buy inventory and keep business moving.