Open floor plan homes those with no walls separating the kitchen dining and or living area are all the rage today.
Floor plan financing negatives.
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Floor planning is a method of financing inventory purchases where a lender pays for assets that have been ordered by a distributor or retailer and is paid back from the proceeds from the sale of these items.
According to the national association of home builders 84 of new single.
In addition floor planning finance companies are uniquely attuned to the needs of dealers.
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With a floor plan finance solution a dealer can pay a small amount of the car off at a time extend a vehicle or they can buy down their depreciation over a period of time.
The arrangement is most commonly used when large assets such as automobiles or household appliances are involved.
For example automobile dealerships utilize floor plan financing to run their businesses.
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