SBL Dealer Finance provides dealerships with finance to fund vehicles from the date of purchase to the date the vehicle is sold in your yard. This allows your business the opportunity to free up capital to grow sales and improve your inventory, without having impact on your day-to-day cashflow.
This type of financing allows you to stock a wide range of vehicles which in turn ensures that you have the right inventory to meet customer demand. As vehicles are sold, the financing is paid back, allowing for a continuous rotation of fresh stock on the lot. And we know that fresh stock draws fresh eyes which keeps your business competitive.
Our simple online SBL Finance application form can be completed in just minutes and processing can take as little as three working days. There are ZERO application and establishment fees with SBL Finance.
Applications are reviewed and contact is made with the applicant to exchange information. New businesses can still apply and SBL Finance will work with you to understand your plans and financial requirements.
The amount of Financial Information required will be determined by how much finance is required. SBL Finance may request the most recent set of Financial Statements along with Statements of Financial Position. We will work with new businesses.
SBL Finance conduct credit checks on all applicants. For customers new in business and with no credit history, the provision of alternative information may be required, this will be determined during the business planning stage.
Once a lending decision is made by SBL Finance, formal credit terms will be discussed and agreed with the applicant. Lending documentation will be made available for signing by both SBL Finance and the customer.
Weekly statements will be sent, providing information on your purchases, arrivals and your account balances. Our administration team will assist you with the transactional documentation relating to vehicles that transition through your SBL Finance facility.
If your dealership is looking to scale up, floor plan financing offers the flexibility to grow without the burden of upfront costs. Have a chat with the team at SBL to see if SBL Floor Plan Finance is right for you.
Access to a revolving line of credit with the ability to continuously borrow and repay funds as vehicles are bought and sold.
Make interest only payments on the financed amount with the principal due on vehicle sale.
Regular audits and inventory tracking ensure that the vehicles financed through the floor plan are accounted for, helping to maintain financial transparency and security.
Call or email us today for more information
on how we can drive your business.
