Put a leader to work for you
Serving more than 10,000 dealers, Bank of America Merrill Lynch provides retail loan financing and the full range of commercial banking services to automobile, marine and recreational vehicle dealerships across the United States. Regardless of your location or size, you can count on us for:
Customized financing designed to match your goals
Dealer-dedicated products and services
Retail programs to maximize your sales potential
A floor plan account can benefit your operation and increase your profit margin with the very first order. Our credit line will put your business on track to reach its fullest potential and allow you to purchase inventory while improving your cash flow. View floor plan financing fact sheet » (PDF)
Benefits to your company:
New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new-car franchised dealerships.
Variety of floor plan structures and interest rate options to meet your needs and reduce your interest expense.
Floor plan statements and inventory information available online.
Automated floor plan audit technology to maximize efficiency and streamline inspections.
Account management by seasoned professionals who know your business.
Real estate construction and acquisition
In support of the floor-plan business, we structure, administer, and service real estate acquisition, construction, and mini-permanent financing for dealer facilities.
Dealership acquisition
Our team identifies and analyzes cash flow, equity and assets available for acquisition of other dealer points as part of a growth strategy. Loans are then structured based on these strengths to make the acquisition possible.
New and used floorplan
Being successful means having the right products on hand for your customers, and that means having a floor plan solution you can count on. At Bank of America Merrill Lynch, we understand how important floor planning is for your dealership. That's why our floor plan lines offer optimum flexibility, security and convenience.
Working capital
Besides floor-plan support, we understand the other businesses that a dealer undertakes with parts and service. Our team endeavors to structure working capital facilities that support the cash cycle for this part of the business.
Equipment leasing
Through our leasing team, we provide optional leasing alternatives for equipment used in the dealer operations. The equipment can include equipment for the service business, tools, as well as, office/computing equipment.
Line of credit
We offer standby letters of credit to support various deposit requirements that a dealer may have. These facilities typically are provided for no longer than one year and require adequate support due to their contingent nature.
Whether you need to save money or give your customers more ways to pay, we offer a wide range of business solutions designed for dealerships like yours.
Cash management
Gain access to a full suite of cash flow solutions that enable you to have more control over your company's finances, manage your cash efficiently, cut your costs, improve cash flow and simplify your accounting. View fact sheet » (PDF)
Merchant services
Give your customers more payment choices by accepting credit cards, debit cards, and purchasing cards and checks. View fact sheet » (PDF)
Group banking
At no cost to you, we can provide your employees with financial services as benefits, including discounted checking accounts, fee waivers, preferred rates and more.
Retirement and benefits
Our retirement specialists can customize a turnkey retirement plan that meets your current financial goals while helping your employees plan for the future.
Direct to Consumer
The Bank of America Dealer Financial Services Direct to Consumer Lending online channel addresses consumers' vehicle loan needs for added convenience and flexibility. The website product pages provide visitors with more than just the bank's requirements and conditions. The site also provides general information and resources related to buying or refinancing an auto, RV, boat or aircraft. Plus, if you are a preferred dealer, your dealership will be highlighted in our dealer locator portion of this site.
