While not divulging the specific operator, First Business Bank on Monday announced the closing of a $6 million inventory floorplan line of credit for an independent dealer through its floorplan financing group.

However, along with acknowledging the store is in Illinois Jeff Widholm, managing director of floorplan financing at First Business Specialty Finance, a subsidiary of First Business Bank, did say in a press release that “working with this dealership has been our pleasure.”

Widholm continued, “They are doing a brisk business and we’re glad to help them continue to focus on what they’re doing best: car sales. It’s our goal that our clients are never encumbered by the financing process and we facilitate their success as much as possible.”

First Business Bank reiterated that its floorplan financing team offers independent dealers the flexibility to finance their used car purchases, preserving cash flow and allowing them to buy preferred inventory.

Floorplanning programs are available from $500,000 to $10 million for larger, well-established independent dealers.

“This limited focus, a hallmark of First Business Bank’s business model, facilitates a smaller clientele than large competitors, empowering personalized concierge service,” the company said.

For additional information, visit firstbusiness.bank.