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We Purchase Consumer Auto Paper Portfolios
For America's small auto dealers, finding suitable Loan Portfolio Financing in today's economy can be challenging to say the least. At Nesby Financial Consulting, however, our commercial finance desk works closely with multiple specialized auto finance providers which can assist small auto dealers in cashing out their sub-prime portfolios, establishing a line of credit for future sub-prime loans and leases, as well as establishing a Floor Plan Financing Facility for vehicles in the showroom and inventory.
Dealer Qualifying Criteria (Floor Plan Financing)
For Floor Plan Financing, you must...
- Be a Licensed Used Car Dealer (No Wholesalers)
- Have a Minimum of 1 year in Business
- Have Resided in Your Area for 2 Years or Longer
- Have Minimum Annual Sales of $450,000
- Own Your Own Home or Property
- Have an Empirica Score of 650 or Greater
- Have Acceptable Bank and Trade References
- Not Have Credit Card Debt Exceeding $25,000
Advantages of Our Floor Plan Financing
Our minimum Floor Plan Financing Facility is $25,000. Facilities in excess of $250,000 may require additional collateral in the form of real estate. The advantages of your Floor Plan Facility provided through Nesby Financial Consulting include:
