First Business Announces Six Closed Floorplan Financing Deals

INDIANAPOLIS, IN. — July 20, 2020 – First Business announced six recently closed and funded automotive dealer floorplan line of credit facilities.

First Business, which launched Floorplan Financing services earlier in 2020, offers independent car dealers the flexibility to finance their used car acquisitions, preserving cash flow and allowing dealers to buy preferred inventory. Floorplanning programs are available from $500,000 to $10 million for larger, well-established independent car dealers. This limited focus, a hallmark of First Business’s business model, facilitates a smaller clientele than large competitors, empowering personalized concierge service.

INDEPENDENT CAR DEALER $2,000,000 Ohio Floorplan Line of Credit		INDEPENDENT CAR DEALER $1,500,000 Indiana Floorplan Line of Credit		INDEPENDENT CAR DEALER $4,300,000 Florida Floorplan Line of Credit
INDEPENDENT CAR DEALER $3,500,000 Indiana Floorplan Line of Credit		INDEPENDENT CAR DEALER $1,100,000 Ohio Floorplan Line of Credit		INDEPENDENT CAR DEALER $750,000 Ohio Floorplan Line of Credit

Floorplan Financing services are offered through First Business Equipment Finance, LLC, a subsidiary of First Business Bank. The offices are located at 9465 Counselors Row, Suite 200, Indianapolis, IN 46240. Additional information can be found at firstbusiness.com/specialty-finance-services/floorplan-financing. First Business floorplan financing expert John Goodyear can be reached at [email protected] or 317-643-9662.

About First Business Bank
First Business Financial Services, Inc. (Nasdaq: FBIZ) is a bank holding company and parent of First Business Bank focused on the unique needs of businesses, business executives, and high net worth individuals. First Business offers business banking, specialty finance, and private wealth management solutions, and, through its niche focus, provides clients with unmatched expertise, accessibility, and responsiveness.