Shaw offers software that services wholesale floor plan processing and direct flooring for lenders, allowing tight control and analysis of dealer relationships. Wholesale Floor Plan delivers a more dealer-responsive, self-service approach, complete with industry-proven, out-of-the-box functionality. No proprietary hardware needed – all you need is a browser, your laptop, tablet, or smart phone.
As with all inventory financing, collateral value is important and requires you to determine the collateral value at the time the inventory is placed on the books, to continuously inspect the collateral to determine its condition, and to impose a curtailment requirement sufficient to keep collateral values in line with loan balances. All of these risks are managed by using floor planning.
Your operational efficiency is improved through our simplified input process when setting up new Wholesale Floor Plan units. A user may default values on new unit set ups based on the type of unit – which is done completely online.