Independent inventory financing

Westlake Flooring Services

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

Best fit: Independent dealers (including special finance stores) looking for nationwide availability and fast funding/titling support.

Watch for: Eligibility rules by unit type and aging; curtailment policies; documentation requirements.

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

Source notes

Nationwide floor plan lines; benefits list includes competitive rates/low curtailments, terms up to 200 days, 100% auction purchase financing, virtual audits (per Westlake).

Rate & terms snapshot

Westlake Flooring — key terms

Parent company	Westlake Financial
Best-fit dealer	Independent used car dealers; BHPH dealers; sub-prime-focused operations
Typical interest rate	Prime + 3–6%; higher than prime lenders due to risk profile served
Typical advance rate	Typically 70–90% of book value; lower for aged or high-mileage units
Curtailment schedule	Typically begins at 45–60 days; BHPH inventory audited frequently
Typical min. line	Accessible to smaller dealers; starting lines available
Audit method	Regular on-site audits; BHPH-specific audit protocols
Best for	BHPH and sub-prime independent dealers who can't qualify for prime lender floor plans; dealers in the Westlake ecosystem already using Westlake retail paper
Not ideal for	Franchise dealers or prime independent dealers who can qualify for lower-cost alternatives

Dealer note: Westlake Flooring is part of the Westlake Financial ecosystem. Dealers using Westlake for retail paper (sub-prime/BHPH) often find the combined relationship makes sense for floor plan too. Rates are higher than prime lenders — evaluate total cost of capital, not just rate.

Rates and terms are estimates only. Always request a current quote from Westlake Flooring 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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