CASHMIGO BUSINESS FUNDING
Auto Dealership Funding for Inventory Cycles and Growth.
Explore auto dealership funding for inventory needs, vehicle reconditioning, service equipment, marketing and working capital through CashMigo.
Common funding uses for auto dealerships
- Documented inventory-cycle and floor-plan gaps
- Transportation, inspection and vehicle reconditioning
- Service-bay, diagnostic and dealership technology
- Payroll, marketing, facility needs and working capital
Potential funding paths
Information to prepare
- Recent business bank statements and dealership financial statements
- Monthly unit sales, gross profit, inventory-aging and days-to-sale reports
- Floor-plan statements, curtailment schedule and current lien information
Common questions
What auto dealership expenses may business funding support?
Depending on the program and final agreement, potential uses may include eligible working-capital needs, reconditioning, transportation, equipment, technology, payroll, marketing or facility improvements. Vehicle inventory and floor-plan obligations require program-specific review.
Is general working capital the same as floor-plan financing?
No. Floor-plan financing is a specialized inventory facility commonly secured by specific vehicles and governed by audits, payoff and curtailment rules. General business funding may have different permitted uses, costs, collateral and payment terms.
Why does inventory aging matter?
Older inventory can increase carrying costs, curtailments and price risk. Providers may review days in inventory, book and market values, sales pace, gross profit, payoff amounts and the plan for aged units.
