SBA offers car dealers help - Charlotte Business Journal:

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The government-guaranteed loans will be available to dealeres to finance their auto andother inventory, knowb in the industry as a floor Through SBA lenders, the dealer floor-pla n financing will provide line s of credit through the 7(a) program for titlesd inventory, including cars, RVs, boats and Dealers can borrow $500,000 to $2 millionb against their inventory and repay the debt as they sell The loans have a maximum repayment term of five yearx and will have a 75 percent governmenft guarantee. As part of the American Recovery andReinvestmen Act, fees also are beinyg eliminated temporarily on 7(a) loans.
“Countless small businesses, including dealerships, across the country are facint significant challenges as a result of the uncertainty in the auto says SBA AdministratorKaren “Floor-plan financing can offer some dealerships the opportunity to get through thesee tough economic times by allowing them to keep their inventoryu and cash flow intact, as well as save the jobs these small businesses provide.” Amid the economic turmoil and low auto sales, car dealerzs throughout the country have run into problems keepinyg their floor plans through bankss and auto manufacturers. Most need them to be able to finance andstock inventory.
The program will run untio September 2010, when the SBA will decidd whether toextend it.