Floor Plan Loans
Floor planning is a specialized form of asset-based lending. Floor plan lending is inventory financing for dealers. Each unit must be large enough for separate identification, and each unit must have a serial number. Sales should result in cash that can be applied to the floor plan.
All floor plans, as well as all other approved lines of credit, will be for one year and under, with a minimum of quarterly interest payments.
Line of Credit
Need some quick capital? Our lines of credit provide ready cash to help you meet short-term funding needs, such as increasing inventory, dealing with seasonal cash flow issues, or taking advantage of unexpected opportunities. Access the line by writing a check, making a phone transfer, or go online to your Superior National Bank business checking account.
Letter of Credit
Looking for a way to establish a solid relationship if you have little or no history? Letters of Credit are guarantees of payment to help you make purchases or transact business with companies with whom you have limited trading experience or credit history. Letters of Credit are generally secured.