Can I use funding as a floor plan alternative?
Yes. For independent dealers who don't qualify for traditional floor plan financing (which requires wholesale dealer agreements and typically $500,000+ credit lines), our working capital programs provide inventory capital that functions similarly — capital for auction purchases, repaid as vehicles sell.
Can I get same-day funding for an auction?
Yes. Pre-approved working capital can be available same-day if you have an existing funded relationship. New applicants typically receive funding in 24–72 hours. For time-sensitive auction events, apply 48–72 hours in advance to ensure capital availability.
What is BHPH (Buy Here Pay Here) dealer funding?
BHPH dealerships — where the dealer finances the purchase directly to the buyer — have unique capital needs. The dealer fronts both the vehicle inventory cost and the buyer financing, requiring substantial working capital. Our programs work with BHPH dealers using their total deposit history (not just cash sales) to evaluate available funding.
Can I finance dealer license and bonding costs?
Yes. State dealer licensing fees, surety bond premiums, and license renewal costs are eligible uses of working capital for auto dealers.
What if I have title defects or inventory on consignment?
Title-defect vehicles cannot serve as collateral for equipment financing, but they can be purchased using general working capital. Consignment inventory is evaluated on a case-by-case basis — the dealer's own bank deposits and revenue history are the primary qualification factors.
What credit score do I need to get funded as a auto dealer business?
Programs start at 500 FICO. Scores of 620+ access the most competitive rates. Strong average monthly deposits can offset lower credit scores for smaller advance amounts.
How fast can a auto dealer business get funded?
Qualified businesses typically receive same-day to 72-hour ACH deposits for working capital. Equipment financing closes in 2–7 business days with a vendor quote.
Can a auto dealer business with existing loans get additional funding?
Often yes. We evaluate net cash flow after existing debt service. Existing positions are a factor but not an automatic disqualifier for businesses with strong revenue.
Do you require collateral for working capital?
No. Our working capital programs are unsecured — we do not require real estate, equipment, or personal asset pledges. A personal guarantee is standard for most programs.
Can a startup or newer business get funded?
Businesses under 6 months old have limited options. At 6+ months with consistent deposits, most programs are accessible. Equipment financing is available from day one with a down payment.