A special form of finance that is usually short term and used to finance inventory that the retailer may otherwise not be able to afford. Very common in automobile finance; though found in many other types of merchandise from wholesale and retail perspectives.

 

"The vehicle I bought at the auction on our floor plan, will have to have 33% paid in 60, 90, and 120 days along with finance charges."

 

"If it weren't for our floor plan, we wouldn't have any inventory."

 

"The Floor Plan is one of the most important resources large auto dealers have."

 

"Our distributorship only uses our floor plan when we need to stock items that are short-term in nature."