For Immediate Release
First Business Financial Services, Inc.
First Business Announces Floorplan Financing
Through ACV Auctions’ Digital Platform
INDIANAPOLIS, IN. — DECEMBER 8, 2020 – First Business is pleased to announce a new agreement with ACV Auctions to
offer Floorplan Financing through ACV Auctions’ digital auction site. The partnership allows independent
used car dealers who have earned competitive pricing
and upscale service to purchase inventory through ACV Auctions with their First Business floorplan.
“Our team is thrilled that First Business clients can now floorplan their
auction purchases directly through ACV Auctions, one of the largest and most
popular digital wholesale car auctions in the world,” says Jeff Widholm,
Managing Director of First Business Floorplan Financing services. “ACV Auctions
also believes in a quick, efficient client experience, aligning with our team’s
First Business’s Floorplan
Financing services offers
independent car dealers the flexibility to finance their used car purchases,
preserving cash flow and allowing them to buy preferred inventory. Floorplanning
programs are available from $500,000 to $10 million for larger,
well-established independent car dealers. This limited focus, a hallmark of
First Business’s business model, facilitates a smaller clientele than large
competitors, empowering personalized concierge service.
Financing services are
offered through First Business Equipment Finance, LLC, a subsidiary of First Business Bank. The offices are located at 9465
Counselors Row, Suite 200, Indianapolis, IN 46240; phone 844-418-2493 for more information.
First Business Financial Services, Inc., is a Wisconsin-based bank holding
company, focused on the unique needs of businesses, business executives and
high net worth individuals. First Business offers commercial banking, specialty
finance and private wealth management solutions, and because of its niche
focus, is able to provide its clients with unmatched expertise, accessibility
and responsiveness. For additional information, visit www.firstbusiness.com.
About ACV Auctions
ACV Auctions is
the leading, digitally native wholesale automotive marketplace in the country
bringing unparalleled trust and transparency to the buying and selling of used
vehicles. Through ACV, cars are bought and sold in a 20-minute digital auction
allowing dealers to buy and sell cars from anywhere with greater ease and
transparency. Thousands of dealers from across the country bid on the vehicles
daily, garnering the most value for the vehicle. ACV Auctions has the largest
team of inspectors nationwide with the most respected and extensive inspection
experience in the industry, equipped with technology that allows cars to be
inspected from virtually anywhere, whether they're in a driveway or dealer lot.
To learn more, visit www.acvauctions.com.
Member FDIC, First Business’ corporate headquarters are at 401 Charmany
Drive in Madison, WI. For additional information, visit firstbusiness.com
or call 844-418-2493. The
First Business logo is available at firstbusiness.com/logo.
### End of Release ###
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