12/07/2023 | Press release | Distributed by Public on 12/07/2023 08:57
INDIANAPOLIS, IN - December 7, 2023 - First Business Bank's Floorplan Financing announces it funded a $22 million inventory floorplan line of credit for a large independent car dealership in Texas.
The new client, a family-run business, was impressed by the Floorplan Financing team's response time and diligence to secure the floorplan for them.
First Business Bank's Floorplan Financing team offers independent car dealers the flexibility to finance their used car purchases, preserving cash flow and allowing them to buy preferred inventory. Floorplanning programs are available from $500,000 to $20+ million for larger, well-established independent car dealers. This limited focus, a hallmark of First Business Bank's business model, facilitates a smaller clientele than large competitors, empowering personalized concierge service.
About First Business Bank
First Business Bank® specializes in Business Banking, including Commercial Banking and Specialty Finance, Private Wealth, and Bank Consulting services, and through its refined focus delivers unmatched expertise, accessibility, and responsiveness. Specialty Finance solutions are delivered through First Business Bank's wholly owned subsidiary First Business Specialty Finance, LLC®. First Business Bank is a wholly owned subsidiary of First Business Financial Services, Inc®. (Nasdaq: FBIZ). For additional information, visit firstbusiness.bank. Member FDIC