Funding for Auto Dealerships
Asset-based lending treats your inventory as the collateral it is, and a line of credit covers auction buys and recon without waiting on a floor plan increase.
An independent dealer's money is always somewhere on the lot. The auction wants payment now; the retail buyer shows up whenever they show up; and between those two dates sit transport, reconditioning, detail, and the floor plan clock ticking on every unit. A hot buying opportunity is useless if your line is maxed, and banks are slow to raise limits for independents. Broadway treats your inventory like what it is — real, sellable collateral — and your sales history like what it is: proof. One short form, three months of bank statements, soft credit pull, same-day decision, funding in as little as 24 hours.
The challenge
Inventory is capital parked on a lot — every unit ties up cash from the auction lane until the day it retails, and reconditioning, transport, and floor plan curtailments all come due before the sale.
How Broadway Advance helps
Asset-based lending treats your inventory as the collateral it is, and a line of credit covers auction buys and recon without waiting on a floor plan increase.
What owners use it for
- Buy inventory at auction when the lanes are right
- Cover reconditioning, transport, and detail costs
- Supplement a maxed-out floor plan line
- Expand the lot or add a service department
- Fund advertising and online listing platforms
- Carry buy-here-pay-here receivables
See your real number in about five minutes.
Apply nowFunding options that fit auto dealerships
Asset-Based Lending
Turn real estate, inventory, equipment, or credit into working capital.
Based on asset value →Business Line of Credit
A revolving cash reserve you only pay for when you draw on it.
Flexible limits →Merchant Cash Advance
Immediate cash today in exchange for a small slice of future sales.
Up to $2,000,000 →Auto Dealerships funding questions
I'm an independent dealer without a franchise — do I qualify?
Yes. Independents are core customers for us, precisely because banks and captive lenders favor franchised stores. What we underwrite is your operation: three months of bank statements showing units bought and retailed, plus inventory that can serve as collateral if you want secured pricing. Whether you run a corner lot or a multi-rooftop group, the application is the same one short form with a soft credit pull and a same-day decision.
Can I borrow against the inventory sitting on my lot?
Yes — vehicle inventory is exactly the kind of asset that asset-based lending is built around. A facility secured by your units generally prices better than unsecured money and can flex as inventory turns. It will not replace a floor plan for lane-by-lane purchases, but it supplements one well: capital for recon, opportunistic buys, or carrying slower-turning units. Bring your inventory list and statements; we broker across 25+ funders and will structure to fit.
I run buy-here-pay-here — does my note portfolio count for anything?
It does. A BHPH portfolio is a book of receivables, and receivables are one of the asset classes we lend against. Borrowing against the portfolio frees capital to put more units on the lot — the thing that actually grows a BHPH operation — without selling your notes at a discount. Underwriting will look at the portfolio's performance alongside your bank statements. Same application either way: one form, soft pull, same-day decision.