Large-bank dealer services (floorplan tooling reference)

Bank of America (Automotive Dealer Services - Floorplan Tools)

Dealer-facing profile: typical fit, operational expectations, and official resources.

Best fit: Dealers already in a large-bank relationship that need auction funding workflows and dealership efficiency tooling.

Watch for: Relationship underwriting and covenants; bank-style reporting discipline.

What dealers should verify before applying

Eligible inventory types (retail, wholesale, salvage, specialty)
Advance rate rules (by unit type, age, mileage, and source)
Curtailment schedule and grace periods
Audit frequency and audit method (on-site, virtual, self-audit)
Title policy and exception handling
Fee schedule (interest, curtailments, late fees, audit fees if any)

Dealer tip: Floorplan performance is judged by net availability (availability after curtailments + audit exceptions), not the headline line amount.

Official resources

Dealer services floorplan tools

Source notes

BofA describes dealer services and automated auction funding with Manheim (per BofA).

Common reasons floorplans get tightened

Issue	What it triggers	Dealer control
Title delays	Audit exceptions, reduced advances	Title desk workflow + document SLAs
Aging creep	Curtailments, higher carry cost	Aging caps + weekly aged-inventory review
Inconsistent reporting	Audit escalation	Daily book updates + reconciliation
Repeated late payoffs	Line reductions	Payoff cadence tied to sold log