SBA offers car dealers help - Houston Business Journal:

http://hattiesburginn.com/banquet.php
The government-guaranteed loans will be availabl to dealers to finance their auto andothet inventory, known in the industry as a floort plan. Through SBA lenders, the dealer floor-plan financing will providew lines of credit througuhthe 7(a) program for titled including cars, RVs, boats and motorcycles. Dealers can borrosw $500,000 to $2 million against their inventorhy and repay the debt as theysell vehicles. The loana have a maximum repayment term of five years and will have a 75 percenfgovernment guarantee. As part of the American Recover andReinvestment Act, fees also are beint eliminated temporarily on 7(a) loans.
“Countless smallk businesses, including dealerships, across the country are facing significant challengesz as a result of the uncertainty in the auto says SBA AdministratorKaren “Floor-plan financing can offer some dealerships the opportunity to get through these tough economic times by allowing them to keep theid inventory and cash flow intact, as well as save the jobs thesed small businesses provide.” Amid the economivc turmoil and low auto sales, car dealers throughout the country have run into problems keeping their floort plans through banks and auto Most need them to be able to finance and stoclk inventory.
The program will run until September when the SBA will decide whether toextend it.