SBA developing revised Dealer Floorplan Program

Published online: Nov 19, 2010 News Boating Industry
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WASHINGTON - The Small Business Administration is currently developing its new revised Dealer Floorplan Program (DFP), which will replace the now expired pilot, according to a release from the National Marine Manufacturers Association 

Last week, the NMMA and other industry leaders hosted a conference call for more than 30 lenders to inform them that a new program with improved terms is being readied by SBA.  

SBA is currently collecting feedback from the lenders and is aiming to increase lender participation in the program.  SBA hosted a conference call on Nov. 16 with industry and lenders to discuss concerns with the original DFP pilot and how to ensure lenders of all sizes participate in the new program. 

http://www.boating-industry.com/output.cfm?id=2692225

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