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4 Replies Last post: Feb 7, 2008 6:27 AM by LUCKIEST

Floorplan line of credit needed for used vehicle sales

Apr 2, 2009 8:13 PM

Click to view sam4sale's profile Start-up sam4sale 1 posts since
Apr 2, 2009
We have been in business coming up on 3 years and sell approximatly 80% of our inventory monthly, last year we sold 2.5 million. I have 16+ years working in the sales / finance side of franchised automotive dealerships. I am need of a larger floor plan line of credit. We currently run with approximatly $250,000- i would like to go to a min of $750,000.00
Any one know a bank / private investor that will work with an independant dealers?
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Click to view wilfin's profile Mogul wilfin 106 posts since
Feb 22, 2009
1. Re: Floorplan line of credit needed for used vehicle sales Apr 2, 2009 10:48 PM
in response to: sam4sale
Please email me at chris.harper@wfginc.net with additional info or call me at (910)254-9801 or (910)547-3449

Lets see what we can do. Thanks

www.wfginc.net
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Click to view dealersfirst's profile Professional dealersfirst 6 posts since
Mar 26, 2009
2. Re: Floorplan line of credit needed for used vehicle sales Apr 3, 2009 8:23 AM
in response to: sam4sale
Sam4Sale,

As I’m sure you know Floorplan Financing for independent dealers is getting harder to find. We believe smaller banks and private investors are missing out on great financial returns as well as the ability to bolster their local economy. Our belief is that their lack of knowledge about the industry is the reason they shy away from it. With over 10 years experience in successful Floorplan Financing for Independent dealers we are now offering our software and training to qualified parties interested in loaning money to dealers, see my profile for additional information. Should you find an investor and need assistance in this area feel free to contact us.

Regards,
David G.

http://dealersfirstaffiliates.com/
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Click to view funds2924's profile Mogul funds2924 36 posts since
Jan 14, 2009
3. Re: Floorplan line of credit needed for used vehicle sales Apr 3, 2009 9:41 AM
in response to: sam4sale
We may have some soulutions for your car needs. Please email me at funds@innovativereturns.com or call me at 229-292-1144 Tony Henderson Business Consultant
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