A new program from the Small Business Administration will offer floorplan financing with government-guaranteed loans for eligible boat, auto and recreational vehicle dealers.
"By filling a gap in the credit markets that has existed since at least last September, this new SBA program will allow dealers and manufacturers to plan over a longer term and, in doing so, sell more, make more and create more jobs," stated U.S. Rep. Joe Donnelly, the Indiana Democrat who was instrumental in creating the program.
Source: Soundings Trade Only
