How Banking Instability Impacts Used Car Dealers

Floorplan financing is vital to the success of independent used car dealerships. However, banking instability is making it more difficult for dealers to get floorplan financing as some banks back out of the car industry. Other banks are tightening lending standards, making it more difficult for dealers to qualify.
Learn more about the situation with Corey Chambas, CEO of First Business Financial Services, Inc., and Jeff Widholm, Managing Director of Floorplan Financing, as they discuss what’s going on with banks and the strength of First Business Bank and its commitment to independent car dealers.