Dealer Floorplan Announcement
NMMA-led initiative opens door to new dealership floorplan loans via TALF.
The NMMA recently announced that floorplan loans are now included in TALF, the Term Asset-Based Securities Lending facility. The NMMA release reported that non-auto floorplan loans are included as an eligible asset class under the program, thanks in part to an NMMA-led effort involving calls with officials from the Treasury Department and Federal Reserve Board, coupled with more than 13,000 emails sent to Congress and Treasury expressing the industry’s concerns about floorplan financing.
“The decision to include floorplan loans in TALF is a significant victory for marine manufacturers and dealers,” said Thom Dammrich, NMMA president.