Floor Plan Financing Makes Dream Equipment Affordable Today
The Mechanics of Floor Plan Financing
When you opt for floor plan financing, a lender pays the manufacturer or distributor for the equipment you need. You, as the borrower, then repay the lender over time, often with interest. This arrangement allows you to use the equipment immediately to generate revenue, which can then be used to pay off the loan. The flexibility of this financing option means you can keep inventory levels high without tying up your cash reserves, enabling you to respond swiftly to market demands.