Sullair Selects Northpoint Commercial Finance as Exclusive Provider of Inventory Financing Programs in the U.S. and Canada

Chicago, IL ― Sullair, an industry leader in innovative compressed air solutions since 1965, announced today that it has selected Northpoint Commercial Finance (Northpoint) as the exclusive provider of floorplan financing for its distributors in the U.S. and Canada.

The inventory finance program will allow Sullair distributors to stock, market and sell a wide variety of Sullair’s serialized products without having to tie up cash in inventory. Repayment terms under the Northpoint line of credit include a convenient pay-as-sold option. Distributors can delay repayments of purchases for a period of time under the line of credit until their inventory is sold. Details of the program have already been disseminated to Sullair distributors and internal sales teams.

Sullair sought to partner with a lender that was like-minded in mission and dedicated to the long-term success of its customers. “The keys to our success in the air compressor business are Durability, Innovation and People,” said Scott Nelson, president of Sullair. “We wanted a partner that was customer-focused, and we selected Northpoint after evaluating factors such as financial strength, industry experience, and ease of doing business, including online tools. After running a pilot to see what Northpoint could do, we’re very happy with our choice.”

Northpoint’s seasoned leadership team has a history of working with manufacturers and distributors in the infrastructure, construction and industrial products segment. “We are pleased to have been chosen by Sullair as their partner and look forward to helping their distributors grow their sales with better cash flow management and the ability to stock to optimum levels of inventory,” said Dan Radley, president of Northpoint Commercial Finance.

About Sullair:
Since 1965, Sullair has developed and manufactured air compressors with proven reliability and wear-free durability. Sullair is globally recognized as a leading manufacturer of portable air compressors, contractors’ air tools, stationary air compressors, compressed air treatment equipment and vacuum systems. Additionally, Sullair provides customers with a full line of aftermarket parts, fluids and services. Celebrating its 50th anniversary in 2015, Sullair has manufacturing capabilities in Michigan City, Indiana; Shenzhen and Suzhou, China; Mahindra World City, India; as well as a JV (IHI-Sullair) based in Suzhou. For more information, visit www.sullair.com.

About Accudyne:
Accudyne Industries is the parent company of Sullair, and a global provider of precision-engineered, process-critical and technologically advanced flow control systems and industrial compressors that deliver consistently high performance and give confidence to the mission of its customers in the most important industries and harshest environments around the world. Today, Accudyne is powered by ~3,000 employees at 15 manufacturing facilities, supporting a broad range of industries in more than 150 countries. For more information, visit www.accudyneindustries.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 more information about Northpoint’s product offerings, visit www.northpointcf.com.

American Trailer Works Partners with Northpoint Commercial Finance to Launch Dealer Inventory Financing Program

Southlake, TX ― American Trailer Works (ATW), North America’s largest manufacturer of utility and cargo trailers, announced an agreement with Northpoint Commercial Finance to provide an ATW-branded inventory finance program for its broad network of independent dealers. ATW manufacturers and markets its products under well-known brand names including PJ Trailers (PJ), Carry-On Trailer (Carry-On), RC Trailers (RC) and Middlebury Trailers (MTI). Northpoint Commercial Finance will be the exclusive inventory finance provider for ATW’s new branded program.

The program will provide PJ, Carry-On, RC and MTI dealers with a comprehensive, one-stop solution for inventory financing, also known as floor plan financing. Under the program, dealers will have dedicated credit lines with Northpoint Commercial Finance, customized service and reporting capabilities, and competitive terms that allow them to manage and grow their businesses effectively. Dealers will benefit from extended free interest terms and seasonal credit line uplifts. The program will be supported by online tools allowing dealers to manage their credit needs anytime, anywhere.

John Burgess, president of ATW’s utility business, said: “We strive to provide our dealers with products and services that allow them to compete most effectively in their local markets and grow their businesses. This financing program demonstrates our commitment to our independent dealers. Dealers will be able to grow faster and offer a broad selection of ATW products to consumers.”

“The only place to buy an ATW product is through an independent dealer or authorized retail outlet” added Bryan Johnson, president of ATW’s cargo business. “We never compete with our dealers and always look for ways to expand our services to them. This program will enable dealers to get access to the credit they need to put products on their yards that trailer buyers want.”

Dan Radley, president of Northpoint Commercial Finance, stated “Our relationship with American Trailer Works and their North American dealer network is very important to us. We are proud to deliver a stable source of capital for ATW’s dealers to stock, market and sell a wide variety of ATW products more profitably.”

About American Trailer Works
American Trailer Works is the largest manufacturer and distributor of utility and cargo trailers in North America. Through its 11 plants, American Trailer Works sells trailers through independent dealers and big box retailers under the PJ Trailers, Carry-On Trailer, RC Trailers, Middlebury Trailers and other private-label brand names. More information about the company is available at www.americantrailerworks.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. More information about Northpoint and their offerings is available at www.northpointcf.com.

Northpoint Team Attends the RV Open House

Elkhart, IN ― Northpoint Commercial Finance recently attended the 8th Annual RV Open House Week in Elkhart, Indiana, which took place September 22nd through the 24th. Many of the RV manufacturers showcased their best and newest brands for the upcoming year for the thousands of dealers that were in attendance.

The three-day event has grown tremendously over the years, beginning as a one-company event in 2008. Now, more than 4,000 attend the annual gathering. Northpoint utilized the opportunity to network with the manufacturers and dealers that they serve by discussing their value-added and customer-focused financial solutions for the RV industry. It was a tremendous opportunity to have face-time with so many manufacturers and dealer Customers in one place.

In addition, former Chicago Bears Coach Mike Ditka (and very dear friend of Evergreen founder Mr. Kelly Rose) was a highlight of the Wednesday evening Customer event at Evergreen RV. Coach Ditka spoke with the dealers which was tremendous, signed autographs for nearly an hour after arriving in a bright red helicopter. Also, Hall of Fame and Chicago Bears running back Gayle Sayers made a surprise appearance at the Evergreen event to sign autographs as well. Their appearance at the EverGreen, Lifestyle, Skyline display brought much excitement and additional attention to the occasion.