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TCF Inventory Finance & American Boatbuilders Assoc. Enter Financing Agreement

October 04, 2012, 07:28 AM
Filed Under: Inventory Finance

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. (“ABA”). Under the agreement, TCFIF will have the opportunity to provide wholesale floorplan financing solutions to the 13 boat manufacturers that are members of ABA.

“Beginning this relationship with ABA is another great step forward for us in the marine industry,” said Ross Perrelli, President and Chief Executive Officer of TCFIF. “We look forward to providing ABA members with an excellent source of floorplan financing and outstanding customer service.”

TCFIF continues to expand its presence in the marine industry and this agreement with ABA is a further demonstration of TCFIF’s commitment to marine manufacturers, distributors and dealers.
“We are very excited to work together with TCFIF,” stated Jay Patton, President of ABA. “I believe that TCFIF shares our deep dedication to the marine industry and a desire to see it continue to grow and regain its former health.”
In addition to providing inventory financing, TCFIF provides the convenience of a “one stop shop” for wholesale financing needs by also offering equipment financing and commercial banking products and services through TCF affiliated companies. Additionally, TCFIF recently announced the launch of The Customer First Alliance, which consists of a network of providers designed to offer a suite of cost-effective, tailored business and personal advisory services in Accounting, Insurance, Legal and Wealth Management to TCFIF customers. All Alliance services will be provided by third-party service providers who are not affiliated with TCFIF.
TCFIF is a premier inventory finance company offering a full range of inventory financing solutions to manufacturers, distributors and their dealers throughout the United States and Canada in the lawn and garden industry, the powersports industry, the recreation vehicle industry, the marine products industry and the consumer electronics and appliances industry.

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