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.

In the end the final legislation preserved the one hundred percent deduction for floor plan financing for motor vehicle dealers. 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. Auto dealer floor planning services at u s. 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. However not all inventory finance companies offer retail and dealership wholesale financing options. 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. Operating from both u s.

Dealer floor plan financing frequently asked questions for borrowers and lenders what is floor plan financing. By acting as the supplier s single source of floorplan financing northpoint offers supplier supported terms and greater program flexibility. An auto rv manufactured home etc. 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.