First Business Bank’s floorplan financing team funded a $7.1 million inventory floorplan line of credit for an established Texas automotive dealership’s strategic expansion into two new locations.
“Repeat business from existing clients is the highest compliment we can receive,” John Goodyear, vice president, sales manager, floorplan financing at First Business Specialty Finance, a subsidiary of First Business Bank, said. “It validates our commitment to building long-term partnerships that evolve with our clients’ needs. This dealership’s decision to expand their relationship with us across multiple locations speaks to the value of our personalized approach and industry expertise.”
The expanded financing relationship allows the dealership to maintain optimal inventory levels across all locations while benefiting from First Business Bank’s responsive service model. This multi-location expansion represents a significant milestone in the dealership’s growth strategy and geographic diversification.
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