First Business Bank’s Floorplan Financing team funded a $1 million inventory floorplan line of credit for an independent car dealership in New Jersey.

After a six-year relationship with a large national bank, the new client sought a closer partnership with a responsive floorplan lender to benefit from better service. A referral from a trusted advisor brought them to First Business Bank’s Floorplan Financing team.

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.