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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. These loans are often secured by the inventory purchased as collateral. [1] Floor planning is commonly used in new and used car dealerships. [2]
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Due to the high upfront cost of securing inventory, automobile dealerships frequently have a problem managing their cash flow.Often, used car dealerships purchase inventory using a retail floorplan, a type of specialty line of credit, that typically requires the automobile to be paid off in full within 90 days of purchase.
Key takeaways. Short-term business loan terms are typically 24 months or less. Short-term business loans can be used for emergencies, including equipment replacement, buying inventory or seasonal ...
An inventory revolving line of credit is a form of an asset based loan that is specifically collateralized by inventory held for sale. [ 1 ] [ 2 ] Rather than amortizing the principal amount over time, revolving lines of credit (revolvers) solely accrue interest on the outstanding balance and is charged in arrears. [ 3 ]
The states with the highest amount of funding were California, Florida and Texas Most of the funding for SBA 504 loans goes to businesses over two years old (79.6%), but close to 14.1% of approved ...
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