FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Wells Fargo CDF Extends Dealer Financing Program With Triumph Motorcycles

December 05, 2016, 06:55 AM
Filed Under: Dealer Finance

Wells Fargo Commercial Distribution Finance (CDF), part of Wells Fargo & Company announced it has extended its dealer financing program with Triumph Motorcylces Ltd., the iconic British motorcycle manufacturer. The program will serve the manufacturer’s network of North American-based dealers with inventory financing.

“We are excited to extend our relationship with Wells Fargo CDF,” said Matt Sheahan, chief operating officer at Triumph North America. “Their ability to provide working capital, market analytics, and financial solutions to our dealers has been and will continue to be a critical component in our dealers’ growth.”

Triumph has been operating since 1902 and is the oldest continually produced motorcycle brand. The company is committed to developing truly unique motorcycles that are distinctive in look, design, and performance. Headquartered in England and with North American operations based in Atlanta, the extension is an opportunity to advance the health and profitability of Triumph’s business and dealer network.

“Triumph and Wells Fargo CDF have a long-standing, global financing relationship,” said Jeremy Jansen, motorsports group president at Wells Fargo CDF. “We are excited for what’s to come between the two companies and we are committed to delivering world-class service to their dealer community.”

Commercial Distribution Finance (CDF) provided $47 billion in financing for more than 40,000 dealers and more than 2,000 distributors and manufacturers globally in 2015. CDF provides inventory financing solutions, service and intelligence through in-depth industry expertise and commitment. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, and related financial products. On March 1, 2016, Wells Fargo acquired the North American business of CDF from GE Capital. The sale of the global business was completed as part of a phased approach on October 1, 2016.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.