Dealer Floorplan Guide

Lenders Regions Readiness checklist Glossary

Dealer readiness

Floorplan readiness checklist

Use this before applying to reduce approval friction and prevent line tightening after activation.

Pre-application (30–60 days)

Inventory list matches DMS/stock log and physical units (no orphan units).
Sold log ties to payoffs with documented payoff timing.
Title desk owner assigned; title SLAs documented and tracked.
Bank accounts separated for dealership operations (clean statements).
Insurance agent understands floorplan collateral protection requirements.

Operational controls (weekly)

Aging review with exit rules at 45/60/90 days.
Exception review: title delays, missing keys, missing invoices.
Cash flow review: interest + curtailments vs gross.

Dealer tip: The fastest way to lose a floorplan line is repeated audit exceptions tied to titles or reconciliation gaps.

Fast self-assessment

Question	Target
% inventory over 60 days	< 10–15%
Average sold-to-payoff timing	Short and consistent
Title exceptions	Rare + resolved quickly
Book reconciliation	Daily or near-daily

If targets are not met, fix operations first, then apply.