Specialty bank floorplan

First Business Bank (Floorplan Financing)

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

Best fit: Elite independent dealerships looking for responsive specialty floorplan teams and relationship-based underwriting.

Watch for: Credit structure, covenants, and whether the lender targets specific dealer profiles.

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

Floorplan financing page

Source notes

First Business Bank positions floorplan as delivered by auto industry experts to independent dealerships (per First Business Bank).

Rate & terms snapshot

First Business Bank Floorplan — key terms

Parent company	First Business Financial Corporation
Best-fit dealer	Independent and mid-size dealers in Midwest/Southeast markets
Typical interest rate	Competitive regional bank pricing; typically Prime + 2–4%
Typical advance rate	Typically 80–100% of book depending on unit profile
Curtailment schedule	Flexible schedule, typically 60–90 days
Typical min. line	Regional bank minimums; typically $100K–500K
Audit method	On-site audits; regional bank approach with more relationship flexibility
Best for	Dealers who prefer a regional bank relationship over national lender algorithms; Midwest/Southeast independent dealers
Not ideal for	Dealers needing very large lines or coast-to-coast coverage

Dealer note: First Business Bank competes on relationship and flexibility rather than lowest rate. Regional bank floor plans often have more human review and negotiation room than national lenders — useful for dealers with unusual inventory profiles or growing programs.

Rates and terms are estimates only. Always request a current quote from First Business Bank Floorplan before making decisions.

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

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