floor planning

Definition of "floor planning"
  1. It's a financing strategy used by retail business owners where all inventory is used as collateral for the lender or seller
How to use "floor planning" in a sentence
  1. Due to lack of cash, the car dealer decided to adopt floor planning as a means to finance the business.
  2. The retailer was able to increase inventory on hand thanks to floor planning.
  3. To solve the cash flow issues, the small dealership turned to floor planning.

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