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TCF Inventory Finance Announces Expansion into Marine Industry

January 13, 2012, 06:30 AM
Filed Under: Marine

TCF Inventory Finance, Inc an indirect subsidiary of TCF Financial Corporation announced plans to further expand its floorplan finance offerings into the marine industry within the U.S. and Canada.

Established in 2008, TCFIF's executive leadership team averages over twenty years of inventory finance experience. Since its inception, TCFIF has become a powerful player in several industries including electronics and appliances and lawn and garden. TCFIF is gaining market share in the powersports industry as the exclusive floorplan finance provider for Bombardier Recreational Products ("BRP") in the U.S. and Canada and Arctic Cat(R) in Canada.
TCFIF's current reach into the marine industry extends to Alumacraft Boat Co., BRP's Sea-Doo(R) products and BRP's Evinrude(R) and Johnson(R) marine power products. Moving forward, TCFIF's initial focus will be on contacting and developing relationships with marine manufacturers and dealers that produce and promote family-centric products such as fishing boats, pontoons, runabouts, ski boats and small cruisers. TCFIF will also work directly with key manufacturer groups in order to facilitate discussions and maximize opportunities.
"TCFIF provides a superior and much-needed financing source to the marine industry," said Ross Perrelli, President and Chief Executive Officer of TCFIF. "Our objective is to work hand-in-hand with our customers to ensure the growth of their businesses. With our industry knowledge, top-notch customer service and innovative products, TCFIF is the best choice for floorplan financing for marine manufacturers and dealers."

In addition to inventory financing, TCF provides the convenience of a "one-stop shop" for wholesale financing needs, also offering equipment financing and commercial banking products and services through TCF affiliated companies.

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