fully managed wholesale financing
Want to add floor plan financing?
Inventory and wholesale financing is a tough nut to crack. By leveraging an end-to-end technology platform and Vero’s experienced servicing operations – feel comfortable scaling with the expertise of a dedicated solution partner
How It Works
As the program’s servicing agent, our team of experts will handle the day-to-day operations, including customer support, funding operations, collections, and risk management.
Our platform is built on the latest technology and open banking solutions, ensuring efficiency, effectiveness, and security.
With Vero, it’s easy to scale wholesale lending program without adding specialized headcount, reducing costs and freeing up existing teams to focus on other areas of business.
Industries We Serve
Agriculture
AUTOMOTIVE
Powersports
Marine
Trailers
Lifestyle
Construction
Bank Benefits
Increase the yield of commercial loan book
Looking to increase balance sheet utilization by driving more revenue from the existing customer base?
Inventory financing provides substantially better returns relative to a bank’s traditional C&I credit offering
Diversify commercial loan portfolio beyond CRE
Floorplan loans are secured by the inventory being financed, which will provide additional collateral protection for your bank.
Floorplan loans typically have shorter loan terms than other C&I lending products, which can reduce your bank’s exposure to risk
Attract new dealership depository relationships
By consolidating a dealer’s needs, adding inventory financing to a bank’s offerings will attract new dealership customers.
The bank’s current dealer customers are sourcing inventory financing elsewhere. Bringing this in-house will strength
Want to start your floor plan program?
Reach out to our team to learn more about our platform and how we work with financial institutions
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