When the U.S. Small Business Administration debuted its vehicle inventory loan program for dealers in the summer of 2009, the federal agency called
the president of Magnum Finance Inc. to gauge his interest in it. At the time, the SBA’s program, dubbed the Dealer Floorplan Pilot(DFP), provided 75% government-guaranteed loans to finance as much as $2 million of titled inventory.
Compliments of the millions of Toyota vehicles recalled since January, Central Auto Auction had noticed downward pressure on Toyota's models for many weeks. But that tension has already melted away with the snow.