RideNow Adds $35 Million Floorplan Capacity, Total Credit Reaches $400 Million
RideNow Group secured an additional $35 million in floorplan financing through Wells Fargo, raising its credit capacity from $100 million to $135 million and bringing total capacity to approximately $400 million. The new allocation dedicates $115 million for Polaris, Indian, and Suzuki inventory and $20 million for pre-owned units.
1. Additional Financing Secured
RideNow Group secured $35 million in additional floorplan financing from Wells Fargo, increasing its dedicated floorplan capacity from $100 million to $135 million and raising total borrowing capacity to approximately $400 million.
2. Inventory Allocation Breakdown
Of the $35 million increase, $115 million is earmarked for new vehicle inventory from Polaris, Indian and Suzuki, while $20 million is specifically allocated to pre-owned powersports units, optimizing operational flexibility.
3. Impact on Dealership Operations
The expanded floorplan capacity strengthens liquidity across RideNow’s nationwide dealerships, positioning the company to align new and used vehicle stock to meet customer demand throughout the 2026 riding season.