Tag: floorplan financing

Artificial intelligence-based auto lender Lendbuzz has secured a fresh credit facility with Regions Bank to expand its consumer loan portfolio ...

Auto lenders have been granted a reprieve from new commercial financing disclosure laws coming down the pipe into early 2023.  ...

Automotive retailer Carvana reduced its wholesale inventory floorplan line of credit with Ally Financial to $2.2 billion in the pair’s ...

First Business Specialty Finance, a subsidiary of First Business Bank, has extended a $10 million floorplan line of credit to ...

Ally Financial has increased Vroom’s floorplan line of credit to nearly double its former amount as the online used-car retailer ...

Online used-car marketplace Shift Technologies has secured a $100 million floorplan facility from Ally Financial, effectively ending the company’s search ...

Ally Financial has once again added $1 billion to Carvana’s line of credit, putting the two companies’ purchase agreement at ...

Chase Auto and NextGear Capital are answering dealerships’ calls for floorplan relief amid the pandemic. Chase Auto has a total ...