The Small Business Administration has relaunched its Dealer Floor Plan (DFP) Program. Originally started in July 2009 for boat, auto, RV and other dealerships that use floor plan financing loans, the new DFP program raises loan caps from $2 million to $5 million and provides a loan guarantee of 75 percent on floor plan lines of credit with a 100-percent advance rate. The program extends until Sept. 30, 2013. Interested businesses should contact their lender or nearest SBA field office for a list of participating SBA-approved lenders in their area.
SBA relaunches loan program
Industry News | May 1, 2011 | By: ATA
You might also like...
2022 Canadian Pre-Owned Markets Sales Trends report now available
MRAA, ABYC launch Service Management Certification program
BoatUS/NWSA seek nominations for Leadership in Women’s Sailing Award
METSTRADE reports record attendance for 2023
BEA 2022 data show outdoor recreation remains strong economic driver