Items commonly financed through a floor plan facility are automobiles trucks recreational vehicles boats construction equipment agricultural equipment manufactured homes.
Floor plan collateral.
Retail floor planning also referred to as floorplanning or inventory financing is a type of short term loan used by retailers to purchase high cost inventory such as automobiles.
All too often however floor plan providers will seek to include a blanket lien on all of a dealer s assets.
Floor planning is commonly used in new and used car dealerships.
Another common form of over reaching is maintaining a security interest in paid inventory.
Floor plan lending is a form of inventory financing for a dealer of consumer or commercial goods in which each loan advance is made against a specific piece of collateral.
The collateral supporting floor plan loans should be limited to equipment actually being financed by the floor plan provider.
With this service clients can have a regularly scheduled accounting of their inventory as often as they desire.
Floor planning is a form of retailer financing for large ticket items displayed on showroom floors or lots.