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Dealer Requirements

All used car dealers are considered, regardless of past credit history
Vehicles qualifying for floorplan financing cannot be older than 10 years and must have mileage under 140,000 miles
The used car dealer must be in business for one year
Acceptable industry references must be provided
Used car dealer must provide a satisfactory background check and credit history

Dealers Finance Required Documentation


For Credit Lines Up To $50,000:

  • Completed and signed application
  • Last three months of business bank statements, all pages
  • Personal financial statement
  • Pictures of used car dealership lot and vehicles
  • Proof of insurance
  • Copy of dealer's license
  • Copy of driver's license for officers, guarantors and all key managers
  • For buy here, pay here (BHPH) lines of credit, an aging report on all accounts

Additional Info - Lines From $50,000 - $150,000:

  • Copies of last year's federal income tax returns for the used car dealership
  • Copies of last year's personal income tax return for each officer/owner
  • Last year-end and last quarterly used car dealership financial statements

Additional Info - Lines Over $150,000:

  • Ongoing quarterly business financials