Sample Floor Plan Financing Agreement

This dealer floor plan and security agreement the agreement is made as of september 28 2007 by and among fountain dealers factory super store inc a north carolina corporation borrower regions bank an alabama state banking corporation together with its successors and assigns lender fountain powerboats.

Sample floor plan financing agreement. Avangard a corporation organized under the laws of the state of pennsylvania having its principal place of business at 2708 commerce way suite 300 philadelphia pa 19154. Wholesale floor plan financing agreement for trailer dealers. And autosource enterprises inc. This agreement means the floor plan financing agreement.

This agreement made this 13 th day of february 2012 by and between avangard auto finance inc. 2007 wholesale floor plan financing agreement capsource financial. 2007 wholesale floor plan financing agreement capsource financial. Dealer floor plan financing frequently asked questions for borrowers and lenders what is floor plan financing.

If applicable the note and security agreement will be signed by a legally eligible and legitimate. Fontana ca 92335 and. Wholesale floor plan financing agreements. Floor plan financing is also done for large appliances mobile homes and boats among other items and these products are usually sold to consumers with a financing contract.

An auto rv manufactured home etc. Dealer floor plan and security agreement. Whose principal place of business is located at nevada corporation 15609 valley blvd. This wholesale floor plan financing agreement this agreement is entered into this 14th day of april 2006 between hereinafter referred to as dealer a capsource equipment company inc.

These loans are made against a specific piece of collateral i e. Clear of all claims counterclaims offsets defenses and charges except floor plan obligations which dealer will satisfy within 7 days upon vehicle sale. Capitalized terms used in this agreement and not otherwise defined are used with the meanings set forth in schedule i any undefined terms shall have the meaning as set forth in the alabama uniform commercial code. The line of credit shall be evidenced by subject to and repaid in accordance with the terms and conditions hereof and of a floor plan agreement note duly executed and delivered by the borrower the terms of the note are incorporated herein by reference thereto.

Floor plan finance companies are uniquely attuned to the needs of auto dealers. Using cash or a bank line of credit to purchase inventory can work for some car dealers but many floor plan financing companies offer a variety of dealer specific benefits. How does floor plan financing work specifically to benefit auto dealers. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods.

Floor plan agreement. View document date title related entities.