Northpoint Commercial Finance Places Emphasis on Private Label Inventory Finance Offerings

Alpharetta, GA – Northpoint Commercial Finance announced today that they will now expand their market focus to include exclusive, captive and private label inventory finance programs. Driven by strong receivable growth and market demand for a flexible, high touch lender, Northpoint will add programs designed together with the OEM to meet specific product placement needs in a variety of industries.

Leading this initiative is Scott Raymond who has been retained to assist Northpoint’s business development team, bringing 28 years of floorplan expertise developing and managing captive and private label programs for market leading manufacturers. With a background in P&L management, strategic planning, and team leadership, he is a results-driven senior executive with an impressive track record of success. Mr. Raymond will work with Dan Radley, Northpoint President and CEO, and is based in Alpharetta, Georgia.

“Leveraging Scott’s experience, we look forward to continuing our successful growth by bringing Northpoint’s exceptional service and process efficiency to manufacturer based programs,” said Mr. Radley. “Built by industry veterans, Northpoint is changing the dealer experience by returning a creative, flexible and personal approach to floorplan lending.”

Scott Raymond can be reached at 678-496-9899, or sraymond@northpointcf.com.

About Northpoint Commercial Finance

Northpoint Commercial Finance, with offices in Alpharetta, GA and Burlington, ON, is a diversified inventory finance company that partners with manufacturers, distributors and dealers to provide flexible financing to their distribution channels.

Northpoint combines experience with innovative technologies, fresh ideas, streamlined processes and customer focus. For over 20 years, the Northpoint team has been creating solutions that work for their clients.

More information about Northpoint and their offerings is available at www.northpointcf.com.

Northpoint Commercial Finance Hires Bob Eddy as Vice President for Business Development

Burlington, ON – Bob Eddy has joined Northpoint Commercial Finance as the new Vice President of Business Development. He will be based out of the Burlington, Ontario office and reports to Chris Cook, Executive Vice President of Operations for Canada. Mr. Eddy will be responsible for leading the Canadian sales team and developing manufacturer relationships.

“I am delighted to welcome Bob to the Northpoint team”, said Mr. Cook, “Our company has experienced significant growth since launching our Canadian operation. Bob’s addition will help us build momentum as we continue to expand our presence in the market.”

Mr. Eddy has over 30 years of sales and operational leadership experience with a successful track record of building and guiding profitable teams. Prior to joining the Northpoint team, he held executive positions with TCF Inventory Finance and GE Commercial Distribution Finance where he was regularly recognized for his outstanding performance and exceeded growth objectives. Mr. Eddy is passionate about providing superior service and being a part of a successful team, such as Northpoint.

About Northpoint Commercial Finance
Northpoint Commercial Finance, with offices in Burlington, ON and Alpharetta, GA, is a diversified inventory finance company that partners with manufacturers, distributors and dealers to provide flexible financing to their distribution channels.

More information about Northpoint and their offerings is available at www.northpointcf.com.

Industry Veteran Robert E. Wagner joins Northpoint Commercial Finance

Alpharetta, GA – Northpoint Commercial Finance is pleased to announce the appointment of Robert E. Wagner to the position of Senior Vice President, Business Development. Mr. Wagner will be responsible for further growth of the Northpoint core industries as well as accelerating expansion into the technology sector and other revolving credit markets. Additionally, Mr. Wagner will manage the expansion of Northpoint’s Asset-Based Lending business in the middle and lower middle markets nationally.

Northpoint CEO, Dan Radley said, “We are excited to add Robert to the Northpoint team and look forward to leveraging his extensive experience to propel Northpoint’s growth. With all of the uncertainty and potential consolidation in the commercial lending space, the timing is right for Northpoint to pursue new markets in order to add a viable finance alternative for commercial borrowers.”

Mr. Wagner brings over 25 years of financial services experience focused on new business development and business line group leadership. Most recently, he served as Managing Director for Wells Fargo Capital’s supply chain finance business and was responsible for the development of
the company’s Asset-Based Lending business in the technology channel. Prior to that, as Division President at Textron Financials’ Asset-Based Lending division, Robert played a key role in the growth of the middle and lower middle market businesses. Additionally, over the years Robert has held key positions and had great success building business at Conseco Finance, GE Capital and Deutsche Financial Services.

A resident of Portland, Oregon, Mr. Wagner is a graduate of the University of California, Los Angeles and holds a degree in Economics. He is a former member of the Commercial Finance Association (CFA), International Factoring Association (IFA), Turnaround Management Association (TMA) and the Association for Corporate Growth (ACG).

About Northpoint Commercial Finance

Northpoint Commercial Finance, with offices in Alpharetta, GA and Burlington, ON is a diversified inventory finance company that partners with manufacturers, distributors, resellers and dealers to provide flexible financing to their distribution channels. Northpoint combines experience with innovative technologies, fresh ideas, streamlined processes and customer focus.

More information about Northpoint and their offerings is available at www.northpointcf.com.