SBA Working on Plans to Allow RV Floorplan
Loans
The Small Business Administration (SBA) is working on plans
that will allow the agency’s guaranteed loan program to be used
for RV floorplan loans.
RVDA and its allies have been working for the past several months to
get floorplan loans included in the SBA loan program.
The SBA program could provide dealers with lines of credit
through SBA-approved lenders.
A Federal Register notice announcing the program is expected this
month. The expected move comes on the heels of new size standards for
SBA loans that allow hundreds of more RV dealers to qualify for the SBA
loan program. Click
Here for more details on the new SBA size standards.
RVDA will notify members as soon more details are available.
