Floor Plan Loan Definition What Does Floor Plan Loan Mean

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Posted on December 28, 2018 at 00:17 AM



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Floor Plan Loan Documents | legal definition of Floor Plan ...
Notwithstanding anything to the contrary contained herein, the proceeds of the Credit Extensions shall not be used to make or pay, directly, any payment or other distribution of or in respect of principal of or interest on any Indebtedness or other obligation under the Floor Plan Loan Documents.
What Is Floor Plan Financing? | Bizfluent
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. Consumers Get a Greater Product Selection.
Dealer Floor Plan Financing - NIADA
Dealer Floor Plan Financing Frequently Asked Questions For Borrowers and Lenders What is floor plan financing? Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods. These loans are made against a specific piece of collateral (i.e. an auto, RV, manufactured home, etc.).

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