PEAC Solutions announced a program agreement with NOBLELIFT North America, a global manufacturer specializing in lithium-iron electric forklifts and material handling equipment.This union is poised to revolutionize the material handling landscape by...
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April 11, 2024, 07:18 AM
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First Business Bank’s Floorplan Financing team recently funded a $2.5 million inventory floorplan line of credit for an independent car dealership in North Carolina.First Business Bank’s Floorplan Financing team offers independent car dealers the...
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March 26, 2024, 07:10 AM
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First Business Bank’s Floorplan Financing team recently funded a $5 million inventory floorplan line of credit for an independent car dealership in Georgia.After considerable due diligence, ownership was very impressed and selected First Business...
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January 30, 2024, 07:10 AM
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First Business Bank’s Floorplan Financing team funded a $1 million inventory floorplan line of credit for an independent car dealership in New Jersey.After a six-year relationship with a large national bank, the new client sought a closer partnership...
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December 21, 2023, 07:20 AM
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First Business Bank’s Floorplan Financing funded a $22 million inventory floorplan line of credit for a large independent car dealership in Texas.The new client, a family-run business, was impressed by the Floorplan Financing team's response time and...
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December 08, 2023, 07:18 AM
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IMER USA and SLR Equipment Finance announced the companies have entered into a strategic partnership that provides custom financing solutions for IMER USA’s end users. The agreement provides a Vendor Program that consists of Floor Plan benefits from...
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September 21, 2023, 07:23 AM
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First Business Bank’s Floorplan Financing team announced it funded a $6 million inventory floorplan line of credit for a thriving Virginia-based independent car dealership, the largest in their respective market.First Business Bank’s Floorplan...
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September 14, 2023, 07:05 AM
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Mitsubishi HC Capital America closed two inventory finance transactions, totaling $400 million, to separate specialty vehicle partners to boost their purchasing power and enhance liquidity.Mitsubishi HC Capital America has worked with the one...
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August 23, 2023, 07:15 AM
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First Business Bank’s Floorplan Financing team announced it funded a $3 million inventory floorplan line of credit for a growing independent car dealership in Florida.First Business Bank’s Floorplan Financing team offers independent car dealers the...
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July 25, 2023, 07:10 AM
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MarineMax, the world’s largest recreational boat, yacht, and superyacht services company, announced the expansion of its floor plan facility from $750 million to $950 million, further increasing the Company’s liquidity and financial flexibility for...
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July 17, 2023, 07:15 AM
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DLL will expand its floorplan finance offerings into the utility trailer market in North America. With this expansion, DLL will work with manufacturers to develop tailored financing programs to meet the needs of the market and offer eligible dealers...
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June 20, 2023, 07:22 AM
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First Business Bank's Floorplan Financing team announced it funded an $18 million inventory floorplan line of credit for a thriving independent car dealership in Michigan.First Business Bank’s Floorplan Financing team offers independent car dealers...
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April 26, 2023, 07:10 AM
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First Business Bank’s Floorplan Financing team announced it funded a $5.5 million inventory floorplan line of credit for a growing independent car dealership in South Carolina.First Business Bank’s Floorplan Financing team offers independent car...
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January 27, 2023, 07:15 AM
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DLL announced a floorplan financing partnership with Vanderhall Motor Works, Inc., a manufacturer of premium light mobility vehicles. DLL will serve as a preferred floorplan financing partner for Vanderhall in the United States.Vanderhall...
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January 19, 2023, 07:23 AM
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First Business Bank’s Floorplan Financing team announced the promotion of Spencer Brink to Portfolio Manager, Floorplan Financing.Brink joined First Business Bank in 2016 as a Credit Analyst Intern, moving into a full-time Credit Analyst role after...
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December 16, 2022, 07:11 AM
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Battle Motors, Inc., formerly Crane Carrier Company (CCC), an over 70-year-old manufacturer of Class 6-8 heavy-duty work trucks, and ENGS Commercial Finance Co. have partnered to launch an industry-best customer finance platform in Battle Motors...
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October 13, 2022, 07:20 AM
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First Business Bank’s Floorplan Financing team announced the funding of a $10 million inventory floorplan line of credit for an independent car dealership in Florida.“We’re very pleased to help our new client in Florida in providing this line of...
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August 19, 2022, 07:15 AM
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First Business Bank announced the funding of a $3.5 million inventory floorplan line of credit for a North Carolina-based independent car dealership through First Business Bank’s Floorplan Financing group. “Our new client is doing great things in...
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June 23, 2022, 07:10 AM
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First Business Bank announced the funding of a $10 million inventory floorplan line of credit for an independent car dealership through First Business Bank’s Floorplan Financing group. “We are honored to help our new client in Ohio grow their...
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May 20, 2022, 07:15 AM
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First Business Bank’s Floorplan Financing team welcomed Leigha Price and Kevin Wiler to the team as Floorplan Servicing Specialists. They both have outstanding backgrounds that enable them to provide best-in-class service to independent car...
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April 14, 2022, 07:12 AM
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First Business Bank announced the closing of a $7 million inventory floorplan line of credit for an independent car dealer in Miami, FL, through First Business Bank’s Floorplan Financing group.As First Business Bank’s Floorplan Financing team...
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March 21, 2022, 07:16 AM
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DLL, a global financial solutions provider, announced a wholesale financing partnership with American specialty vehicles manufacturer REV Group, effective March 9. DLL will serve as the preferred floorplan provider for REV Group’s fire, emergency and...
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March 02, 2022, 07:23 AM
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First Business Bank announced the closing of a $4 million inventory floorplan line of credit for Direct Auto, an independent car dealer in Mississippi, through First Business Bank’s Floorplan Financing group.Owners of Direct Auto, Art Hadler, Jr. and...
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December 16, 2021, 07:18 AM
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DLL, a global asset finance company for equipment and technology, partnered with Forest River, Inc., manufacturer of a wide variety of quality recreational vehicles, cargo trailers, pontoon boats and specialty vehicles. Dealers of Forest River...
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June 23, 2021, 07:22 AM
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First Business Bank announced the closing of a $4 million inventory floorplan line of credit for an independent car dealer through its Floorplan Financing group.
Executives at a growing Texas dealership sought responsive, reliable service and...
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June 21, 2021, 07:17 AM
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Wells Fargo Distribution Finance, part of Wells Fargo & Company, announced the extension of its floorplan financing program with Briggs & Stratton’s Turf and Consumer Products Group. The agreement will support more than 1,800 dealers globally....
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June 03, 2021, 07:16 AM
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First Business Bank announced the closing of a $6 million inventory floorplan line of credit for an independent car dealer through its Floorplan Financing group.The leaders at this Illinois car dealership sought reliable bank financing with a...
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May 26, 2021, 07:15 AM
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First Business Bank announced a new arrangement allowing First Business Bank’s Floorplan Financing clients to finance their vehicle inventory purchases from SmartAuction, an online vehicle auction from Ally Financial.To help dealers efficiently...
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March 19, 2021, 07:04 AM
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TCF National Bank’s inventory finance subsidiary was named the exclusive floor plan financing provider for powersports company Speed UTV, which is owned by Robby Gordon, a former NASCAR and IndyCar racer, and Todd Romano, Founder of DragonFire Racing...
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March 08, 2021, 07:18 AM
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DLL, global asset finance company for equipment and technology, has partnered with Winnebago Industries, manufacturer of outdoor lifestyle products used primarily in leisure travel and outdoor recreation activities. Dealers of Winnebago, Grand Design...
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March 03, 2021, 07:22 AM
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First Business announced a new agreement with ACV Auctions to offer Floorplan Financing through ACV Auctions digital auction site. The partnership allows independent used car dealers who have earned competitive pricing and upscale service to purchase...
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December 09, 2020, 07:05 AM
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ENGS Commercial Finance Co. (ENGS) announced its working capital subsidiary, ENGS Commercial Capital (ECC), is offering floor plan financing to qualified dealers and equipment manufacturers.“ENGS is committed to helping our OEM and vendor partners...
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September 01, 2020, 07:15 AM
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First Business announced six recently closed and funded automotive dealer floorplan line of credit facilities totaling more than $16 million.As reported in Equiment Finance Advisor last month, First Business launched Floorplan Financing services...
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July 23, 2020, 07:17 AM
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A Midwest-based bank with a focus on the needs of businesses has partnered with White Clarke Group to use its CALMS Compass floorplan finance software in launching a new finance option, expanding the products and services they can offer to the market...
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April 16, 2020, 07:05 AM
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Hitachi Capital America has announced its continuing software partnership with White Clarke Group, allowing the ongoing use of the CALMS Compass software solution to manage its floorplan/wholesale finance business.Hitachi Capital America’s...
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October 17, 2019, 07:10 AM
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From spreadsheets to the latest floorplan finance software: new technology has transformed service levels and increased customer demand at a Minnesota-based bank.Merchants Bank launched its digital floorplan strategy following a four-month program to...
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August 01, 2019, 07:25 AM
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LH-Finance has chosen to implement White Clarke Group’s CALMS Compass Floorplan Finance Software to help support the growth of its inventory finance business.LH-Finance, the marine division of United Bank of Hartford, CT, will provide floorplan...
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July 27, 2018, 07:10 AM
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In 2017 Yamaha Motor Finance Corp., USA announced plans to bring its floorplan financing in-house, with a vision to provide a complete range of finance company services. Yamaha has chosen to partner with White Clarke Group, selecting the CALMS...
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June 21, 2018, 07:15 AM
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Northpoint Commercial Finance announced that Chantal Robin has joined the company as a Director of Business Development in Canada. Chantal joins the existing field sales team to provide enhanced regional coverage of existing customers, further...
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August 30, 2017, 07:08 AM
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Citi Retail Services announced a consumer and commercial private label agreement with Honda Power Equipment. This new relationship is the latest addition to Citi Retail Services’ power sports and equipment portfolio.Honda’s power equipment division...
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April 28, 2017, 07:10 AM
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The re-emergence of regional banks looking to expand services to existing manufactures and retailers is continuing to spur growth in the U.S. Floorplan Finance market.
This is providing opportunities for many traditional retail lenders looking to...
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December 08, 2016, 06:57 AM
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REV Group (REV), a $2 billion specialty vehicle (SV) manufacturer, announced that they chose Wells Fargo Commercial Distribution Finance (CDF), part of Wells Fargo & Company, to launch a new program for dealer and distributor financing across the U.S...
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October 20, 2016, 07:07 AM
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Two new Directors of Business Development have joined Northpoint Commercial Finance’s Field Sales Organization. Northpoint is a diversified finance company that provides flexible inventory lending and floor plan financing solutions.With a highly...
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June 30, 2016, 07:05 AM
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Wells Fargo Commercial Distribution Finance (CDF) announced it has extended its inventory financing program through 2020 with motorcycle manufacturer, KTM. The extension will be used to support dealership floor plan financing of motocross bikes as...
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March 30, 2016, 07:00 AM
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Northpoint Commercial Finance has launched an extended term floorplan finance program for Capitol dealers who are members of Nationwide Marketing Group.Nationwide Marketing Group, North America’s largest buying and marketing organization, added...
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March 09, 2016, 06:50 AM
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Commercial Distribution Finance (CDF), a business of GE Capital, announced it has renewed its joint venture in the U.S. and extended the term of the Canadian program with Polaris Industries, a global sales leader in the powersports industry, through...
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December 08, 2015, 12:00 PM
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SANY America (SANY), a leading global manufacturer of construction machinery and equipment, has chosen Northpoint Commercial Finance (Northpoint) as the exclusive provider of inventory financing for its fast-growing network of North American dealers....
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November 12, 2015, 07:15 AM
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Sullair, an industry leader in innovative compressed air solutions since 1965, announced it has selected Northpoint Commercial Finance (Northpoint) as the exclusive provider of floorplan financing for its distributors in the U.S. and Canada.The...
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October 27, 2015, 07:01 AM
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Commercial Distribution Finance (CDF), a division of GE Capital, announced that its joint inventory-financing venture with Brunswick Corporation, Brunswick Acceptance Company (BAC), has been extended through 2019.BAC provides boat dealers with a...
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August 07, 2015, 07:00 AM
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A subsidiary of Navistar Financial Corporation (NFC) closed a $250 million, two-year, 144-A securitized dealer floor plan transaction to support International® Truck and IC Bus™ dealer inventory funding. The transaction will replace a $250 million...
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July 29, 2015, 07:00 AM
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Commercial Distribution Finance (CDF), a division of GE Capital, announced that it has extended its strategic inventory finance program with outdoor power equipment manufacturer Husqvarna Group. The program goes to market as Husqvarna Financial...
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July 24, 2015, 06:56 AM
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GE Capital, Commercial Distribution Finance (CDF) announced a multi-year extension of its strategic inventory financing program with Scag Power Equipment. CDF has worked with Scag, a manufacturer of lawnmowers and debris handling equipment, since...
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July 16, 2015, 07:00 AM
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GE Capital, Commercial Distribution Finance (CDF) announced that it has extended its inventory financing agreement with the American Boat Builders Association (ABA), a major buying group for independent boat builders in the U.S., through 2018. CDF...
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July 10, 2015, 06:34 AM
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GE Capital’s Commercial Distribution Finance (CDF) business announced today that it will begin providing floorplan financing to dealers that stock Sharp Electronics Corp.’s office imaging (OI) equipment. CDF has been providing financing to Sharp’s...
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June 27, 2014, 07:00 AM
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Dealers of recreational vehicles (RVs) are increasing their inventory levels this year in anticipation of a strong selling season, according to GE Capital’s Commercial Distribution Finance (CDF) business, a leading provider of financing to the...
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March 19, 2014, 06:24 AM
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GE Capital's Commercial Distribution Finance (CDF) business announced today that it will continue to be the exclusive provider of inventory financing for the Husqvarna Group's independent dealer network in the U.S. and Canada. Headquartered in...
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January 10, 2013, 07:30 AM
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GE Capital's Commercial Distribution Finance (CDF) business announced today it has signed an enhanced strategic floorplan financing agreement with Independent Boat Builders, Inc. (IBBI), a major U.S. boat manufacturer buying group. The program covers...
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January 09, 2013, 07:16 AM
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GE Capital’s Commercial Distribution Finance (CDF) business announced today that it has been chosen as the first provider of inventory financing to Erik Buell Racing LLC (EBR). Based in East Troy, WI, the company was started by noted motorcycle racer...
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December 10, 2012, 07:22 AM
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GE Capital’s Commercial Distribution Finance (CDF) business says it is optimistic about the outlook for the RV industry and remains committed to providing flexible inventory financing (floorplan) products."RV sales are often tied to economic...
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November 20, 2012, 06:30 AM
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TCF Inventory Finance (“TCFIF”), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation (“TCF”), announced that it has entered into a multi-year financing agreement with American Boatbuilders Association, Inc....
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October 04, 2012, 07:28 AM
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Northpoint Commercial Finance LLC, a diversified inventory finance company, today announced its new sales team.Russell Baqir, VP of Sales, is leading Northpoint’s sales team and is based in the Alpharetta, Georgia headquarters. Most recently Marine...
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June 20, 2012, 07:00 AM
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