Floor Plan Financing Makes Dream Equipment Affordable Today
Real-World Applications and Examples
Consider a car dealership that wants to expand its inventory to include the latest models. With floor plan financing, the dealership can acquire these vehicles without immediate payment, allowing them to offer a wider selection to customers. As sales are made, the dealership can use the proceeds to pay down the loan. Similarly, a construction company might use floor plan financing to obtain heavy machinery necessary for new projects, thus enhancing their capability to take on larger jobs and increase revenue.