SBA Floorplan Relief Program
The Small Business Administration announced that it is launching a Dealer Floorplan Financing Pilot Initiative beginning July 1st, which will expand its Section 7a loan guarantee program to cover revolving lines of credit to cover floorplan expenses. The loans will range from a minimum of $500,000 to a $2,000,000 maximum and must be fully repaid in five years. For more information, please review the following documents:

 SBA Dealer Floor Plan Financing News Release
 SBA Dealer Floor Plan Financing Overview
 SBA Dealer Floor Plan Financing FAQs