Saying that it “heard what truly mattered to our customers,” floorplan provider NextGear Capital is continuing to defer curtailment and extension payments for eligible floorplan advances.

The company is taking that action through May 31 for all NextGear Capital dealers in good standing.

Within the first 30 days of NextGear Capital’s original relief package, the company deferred more than 160,000 payments.

That, according to NextGear, provided assistance to more than 16,000 dealers “when it was needed most.”

“After discussions with our dealers, we decided to continue the relief terms that were the most important, beneficial and meaningful to them and their businesses,” NextGear Capital president Scott Maybee said in a news release.

Maybee continued, “Our hope is that, between the relief package, our incredible staff and the resources we’ve put together online, we can help our dealers make it out on the other side of this unprecedented economic crisis. Sticking together is the only way our industry will get through this still intact, and we want all of our dealers to know we are here to support them however we can.”

NextGear also said it advised dealers earlier this month that it would extend the assistance it provided in the initial package to the end of April. 

The company said it was doing that “to show NextGear Capital’s commitment to supporting its customers.”

NextGear Capital announced another initiative that it said could help dealers access important, up-to-date information in one place: A COVID-19 Resource Hub.

The hub aggregates information from Cox businesses and outside experts such as the CDC.

It provides resources in one spot, which NextGear says can help dealers “navigate this uncertain time.”

The company said, “NextGear Capital will continue to monitor this crisis and is committed to supporting its clients through this time.”