Shift secures $100M floorplan facility from Ally Financial

The credit line expires Dec. 9, 2023

Photographer: Bloomberg/Bloomberg

Online used-car marketplace Shift Technologies has secured a $100 million floorplan facility from Ally Financial, effectively ending the company’s search for a new wholesale lender after its former floorplan line with U.S. Bank expired in October. The new line with Ally is double what U.S. Bank offered, Shift Chief Executive Oded Shein said in a […]

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