SBA offers car dealers help - Charlotte Business Journal:

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The government-guaranteed loans will be available to dealerws to finance their auto andotherf inventory, known in the industryg as a floor plan. Through SBA the dealer floor-plan financing will provided lines of credit throughthe 7(a) program for titled inventory, including RVs, boats and motorcycles. Dealers can borrow $500,000 to $2 million against their inventory and repay the debt as they sell The loans have a maximu repayment term of five yearxs and will have a 75 percentgovernment guarantee. As part of the America n Recovery andReinvestment Act, fees also are beinb eliminated temporarily on 7(a) loans.
“Countless small including dealerships, across the country are facing significant challenges as a result of the uncertainty in the auto says SBA AdministratorKaren “Floor-plan financing can offer some dealerships the opportunity to get throughn these tough economic timews by allowing them to keep theifr inventory and cash flow intact, as well as save the jobs thesew small businesses provide.” Amid the economicv turmoil and low auto car dealers throughout the country have run into problemws keeping their floor plans through banks and auto manufacturers. Most need them to be able to financed andstock inventory.
The program will run untilo September 2010, when the SBA will decide whether toextend it.