Inventory Finance

Help grow sales, mitigate risk, and accelerate growth through inventory financing

Wells Fargo Inventory Finance brings together the benefits of outstanding customer service, extensive industry experience, and comprehensive financial services to serve the inventory financing needs of vendors and their related dealers across the U.S., Canada, and Europe. Our global scale and broad industry experience allows us to provide customers with actionable insights and a true competitive advantage. We have domain experience in the following industries:

  • Marine
  • Motorsports
  • Outdoor products
  • Agriculture
  • Recreational vehicles
  • Electronics & appliances
  • Construction (Canada only)
  • Forestry (Canada only)

What is inventory financing?

Inventory financing (also known as floorplan financing) provides an efficient, uninterrupted flow of inventory through the distribution channel, allowing our customers to focus on growing sales.

How does inventory financing work?

Step 1: Dealer

Dealer orders inventory directly from the vendor.

Step 2: Vendor

Vendor ships inventory and then sends invoice to Wells Fargo.

Step 3: Wells Fargo

Wells Fargo pays vendor and sends statement to dealer.

Step 4: Dealer

Dealer makes payments to Wells Fargo Inventory Finance.

Potential benefits of floorplanning

Potential benefits to vendors

  • Immediate funding and improved days sales outstanding balance sheet ratio 
  • Mitigate or eliminate credit risk 
  • Reduce/eliminate collection expense 
  • Tailored programs, processes, and reporting 
  • Automated electronic data transmission and 24/7 online account management and analytical tools

Potential benefits to dealers

  • Optimal inventory stocking levels 
  • Extended repayment terms on inventory purchases often subsidized by the manufacturer and distributor
  • Improve cash flow and liquidity 
  • Adequate credit lines 
  • Responsive and personal account management with 24/7 access to online customer system and analytical tools

Gain the Wells Fargo advantage

As part of Wells Fargo, we can provide access to a breadth of products and services to help meet your needs. Wells Fargo’s exceptional capital strength, solid long-term credit ratings, and industry experience can help your company reach its vision for the future.

Online credit application

For interested dealers: Apply now >

For interested vendors: Contact jeff.s.mcdermott@wellsfargo.com

Customer Online Management System

With COMS, you can make payments, manage inventory, and more.

Visit COMS  >

Contact us

US: 800-254-6695
Canada: 888-609-5550
Europe: InventoryFinanceEurope@wellsfargo.com

Floor plan reference rate 10.8078% per annum
Effective as of 1 May 2024; Website last updated 7 May 2024 

1 month Bank Bill Swap Bid Rate (BBSY):
BBSY 1M 1 Apr: 4.3473%
BBSY 1M 1 May: 4.3650%

Floor plan reference rate 12.8500% per annum
Effective as of 1 May 2024, Website last updated 7 May 2024

1 Month Bank Bill Reference Rate (BKBM):
1 Month Bank Bill Reference Rate1 Apr: 5.5900%
1 Month Bank Bill Reference Rate 1 May: 5.6000%

Subject to change without notice

Should the BBSY fall below zero, the BBSY shall be deemed to be zero when calculating the CDF Reference Rate Australia and no further movement in the BBSY will be applied to the CDF Reference Rate until such time as the BBSY moves above zero again.

Should the BKBM fall below zero, the BKBM shall be deemed to be zero when calculating the CDF Reference Rate New Zealand and no further movement in the BKBM will be applied to the CDF Reference Rate until such time as the BKBM moves above zero again.

Products and services require credit approval. Wells Fargo Distribution Finance (“DF”) is the trade or business name in the United States and Canada for certain inventory financing (floor planning), working capital financing, and accounts receivable financing services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Commercial Distribution Finance, LLC, Wells Fargo Capital Finance, LLC, Wells Fargo Bank, N.A., Wells Fargo Vendor Financial Services, LLC, Wells Fargo Financial Leasing, Inc., Wells Fargo Equipment Finance, Inc., Wells Fargo Capital Finance Corporation Canada, and Wells Fargo Equipment Finance Company.

Wells Fargo Bank, N.A. is a bank affiliate of Wells Fargo & Company. Wells Fargo Bank, N.A. is not liable or responsible for the obligations of its affiliates.

Wells Fargo International Finance (Australia) Pty Ltd is a subsidiary of Wells Fargo & Company, a company that is not authorised by the Australian Prudential Regulation Authority (APRA) as Authorised Deposit taking Institutions (ADIs) in Australia or licensed or regulated by the Australian Securities and Investments Commission (ASIC) as Australian Financial Services Licence holders.

Wells Fargo International Finance (New Zealand) Limited is a subsidiary of Wells Fargo & Company, a company that is not registered with, licensed or regulated by the Reserve Bank of New Zealand (RBNZ) as a registered bank or a non-bank deposit taker in New Zealand. 

RO-3536450

LRC-0424