- Steps in SBA Lending
- 7(a) Loans
- 7(a) Loan Package Templates
- Standard 7(a) Authorization Wizard
- Standard 7(a) Authorization File Library
- Standard 7(a) Boilerplate
- CAPLines Authorization Wizard
- CAPLines Boilerplate
- CAPLines Authorization File Library
- EWCP Authorization Wizard
- EWCP Boilerplate
- EWCP Authorization File Library
- Community Express Authorization Template
- SBA Express-Patriot Express Authorization Template
- SLA Loan Authorization
- 7(a) Loan Evaluation Criteria
- Preparing to Submit a 7(a) Loan Package
- PLP Loan Eligibility
- 7(a) Loan Package Templates
- Preparing for Servicing a 7(a) Loan
- Preparing for Servicing an Express Loan
- 7(a) Servicing Checklist for PLP or Express Loans
- 7(a) Servicing and Liquidation Actions Matrix
- Top 10 Screen Out Reasons
- Reinstatement of SBA Guaranty
- Transfer of Participation
- Preparing for 7(a) Liquidation Submission
- Entering a 7(a) Loan Into Liquidation
- Closing the Liquidation Process
- NGPC Liquidation Processing
- Preparing a Liquidation Plan
- Care & Preservation of Collateral Tabs (CPC Tabs)
- Offer in Compromise Tabs (OIC Tabs)
- Sale-Release of Collateral
- Guaranty Purchase
- Requesting Purchase for a 7(a) Loan
- Preparing a 7(a) Purchase Package
- Preparing an Express Purchase Package
- Electronically Submit Your Package
- Denials of Liability & Repairs
- Top Reasons for Repair & Denial
- Secondary Market Purchase
- 7(a) Terms & Conditions
- 7(a) Eligibility
- CDC/504 Loans
- Preparing to Submit a 504 Authorization Package
- CDC/504 Authorization Package Templates
- CDC/504 Application Process
- Section 504 Loan Application
- CDC/504 Evaluation Criteria
- 7(a) Loans
- SBA Loan Programs
- 7(a) Loan Programs
- Permanent 7(a) Loan Programs
- Pilot 7(a) Loan Programs
- Rural Business Investment Program (RBIP)
- New Markets Venture Capital Program
- CDC/504 Loan Program
- Microloan Program
- Disaster Loan Program
- Loan Program Quick Reference Guide
- 7(a) Loan Programs
- Working with The SBA
- Become an SBA Lender
- How to Participate in the PLP
- How to Participate in the CLP
- Other Partnerships with SBA
- How to become a PRIME Lender
- How to become a Microloan intermediary
- How to Participate in the Surety Bond Guarantee Program
- How to Become a Member of the SBIC Program
- Become an Express Lender
- Franchise Findings
- Advertising SBA Relationship
- Search Lender Docs
- Find a SBA Resource
- Commercial Loan Service Center (Little Rock, AR)
- Commercial Loan Service Center (Fresno, CA)
- National Guaranty Purchase Center (Herndon, VA)
- Sacramento Loan Processing Center (SLPC)
- 7a Loan Guaranty Processing Center (Citrus Heights, CA)
- IRS Contact Information
- National Disaster Loan Resolution Center (NDLRC)
- Submit Your Forms
- Search SBA Lenders
- Secondary Market
- Lender Reports & Data
- Lender Reporting
- Lender & Loan Data
- Lender E-Payments
- Lender Portal
- Who is eligible for E-tran?
- What is the maximum interest rate?
- Isn’t floor plan financing available through GMAC?
- What can be financed?
- What is the underwriting process?
- Are there some actions that the lender can take unilaterally first and then tell SBA after the fact?
- Are there some servicing actions that must receive prior approval by SBA?
- Does SBA have to approve these payment modifications?
- Can payment modifications be made to loans sold on the Secondary Market?
- What provisions of SBA’s SOP address these payment modifications?
- What types of payment modifications are available in connection with an SBA guaranteed loan?
- How do I get started using E-Tran?
- How does E-Tran work?
- What are lenders saying about E-tran?
Dealer Floor Plan Financing Pilot Program (DFP)
The U.S. Small Business Administration is committed to providing small businesses with the tools and resources they need to survive in the current economic climate. Through the Dealer Floor Plan (DFP) financing pilot program, SBA offers government-guaranteed loans to finance inventory for eligible auto, recreational vehicle, boat, manufactured home and other dealerships.
The DFP is a pilot program that allows dealers to borrow against retail inventory and acts as a revolving line of credit for a dealer to obtain financing for retail goods. The dealer repays the debt as the inventory is sold and can borrow against the line of credit to add new inventory.
How It Will Work:
Under the DFP pilot program, SBA provides loan guarantees for lines of credit through its 7(a) program. DFP loans are made through SBA lenders only for inventory that can be titled, such as autos, RVs, manufactured homes, boats and trailers. The pilot program runs through Sept. 30, 2010, at which time SBA will determine whether to extend the program.
DFP loans are available for a minimum of $500,000 up to the $2 million allowable under the 7(a) program, with a maximum repayment term of five years. Borrowers also benefit from the temporary elimination of fees on 7(a) loans made possible by the American Recovery and Reinvestment Act of 2009. DFP loans guarantees will be from 60-75 percent, depending on the type of collateral and the lenders advance rate against the wholesale price of the inventory. Lenders may advance up to 100 percent of the wholesale price.
Who It Will Help:
The DFP program allows SBA lending partners to prudently extend a critical line of credit in these tough economic times to viable dealerships in a number of industries, including RV, auto, boat and manufactured homes. It helps restore their cash flow and in turn, save their business and countless jobs. For auto dealerships, in particular, it provides the access to capital many of them need at this critical time as they go through the transition brought on by larger changes within their industry.
Because of the severe decrease of dealer floor plan financing over the last several months, each of these loans most likely will keep open a viable business that would have otherwise closed.
All loans are made through SBA lenders to creditworthy dealerships meeting lender requirements, demonstrating sound finances and following viable business plans.
Federal Register Notice
Centralized 7(a) Loan Submission Instructions
Dealer Floor Plan Financing Pilot Program Overview The U.S. Small Business Administration is committed to providing small businesses with the tools and resources they need to survive in the current economic climate. Through the...
Standard 7(a) Guaranty Application Submission Instructions Version: March 27, 2010 Loan packages should be sent to the following: Fax to: either 606-435-2400 (Hazard) or 916-735-1975(Citrus Heights) Mail or FedEx to: 262 Black...