Apex Marine Announces New Dealer Finance Program for Honda Outboard Marine Engines Facilitated by Northpoint Commercial Finance

apexApex Marine, Inc.
300 Woodside Drive
St. Louis, MI 48880
877-463-0356
www.apexmarineinc.com
Media Contact: Emily Moore
emily@qwestpontoons.com

FOR IMMEDIATE RELEASE

Apex Marine Announces New Dealer Finance Program for Honda Outboard Marine Engines Facilitated by Northpoint Commercial Finance

St. Louis, MI, November 18, 2015 – Apex Marine, Inc. (Apex), the world’s leading manufacturer of quality compact pontoon boats, has partnered with Honda Marine (Honda) to provide a new inventory finance program. The program is exclusive for authorized dealers who purchase Qwest, Paddle Qwest and Gillgetter brand compact pontoon boats outfitted with Honda outboard marine engines.  Financing will be provided through Northpoint Commercial Finance (Northpoint), a leader in inventory financing solutions for the marine industry, and an exclusive partner to Honda.

Apex is committed to the financial well-being of its dealers and has partnered with Northpoint since 2012 to provide inventory financing, also known as floorplan financing, to its dealer network. Under the new inventory finance program with Honda Marine, dealers can draw on their Northpoint line of credit to fund purchases of pontoon boats with Honda engine packages.  The program will provide Apex dealers with specialized, vendor-subsidized financing programs and terms, including an additional two months of free flooring.  The offer extends to the entire boat package, including trailer, accessories and freight.

“We’re pleased to work with Honda and Northpoint to help our dealers differentiate themselves in the marketplace,” said Mark Dupuie, president of Apex Marine. “Dealers can use this program to fill out inventory, reduce costs and pass savings along to customers if they choose. It’s an especially attractive offer as Honda is a top brand in the industry.”

The world’s largest engine manufacturer, Honda pours the same legendary durability and attention to detail into its Honda Marine Outboards as it does the vehicles that have proven themselves over millions of miles. Mark DiPietro, senior manager of Honda Marine stated, “We offer more four-stroke marine experience than anyone, with engines inspired by our automotive technology and designed for the water with innovations like our 4-Front Corrosion Protection. We’re excited to share our passion for performance with Apex Marine and their dealers through this innovative financing program.”

“Combining the allure of Apex pontoon boats with the power of the Honda brand will be a win-win,” added Russell Baqir, VP of Northpoint’s marine business. “Our streamlined financing process and inventory financing will help dealers move faster and be more cost-efficient, and ultimately be more successful. At the same time, the incentive helps Apex and Honda increase their sales to dealers while improving cash flow. We’re pleased to continue to work with Apex and their dealers.”

 

About Apex Marine

Apex Marine is the world’s leading manufacturer of quality compact pontoon boats.  Whatever boat owners enjoy on the water – adventure, excitement, fun, relaxing, spending time with family and friends, or enjoying time alone – Apex Marine understands that state-of-mind passion and has created a line of unique pontoon boats to meet the needs and budgets for every boating experience.  With over 50 standard models and countless customizable options, Apex Marine manufacturers compact pontoon boats under well known brands including Qwest, Angler Qwest, Paddle Qwest and Gillgetter.  For more information, visit qwestpontoons.com.

 

About Honda Marine

Honda Marine, a division of American Honda Motor Co., Inc., markets a complete range of outboard marine engines. Its comprehensive product line is powered exclusively by 4-stroke engines.  Information regarding Honda Marine products is available at www.hondanews.com.

 

About Northpoint Commercial Finance

Northpoint Commercial Finance, with offices throughout North America, is a diversified financial solutions provider offering inventory lending, floorplan finance and asset based financing. An experienced lender, they offer a wide array of program structures to meet the needs of original equipment manufacturers, distributors, resellers and dealers in a variety of consumer and commercial products industries. Their team offers a creative, flexible and personal approach combined with innovative technologies, and streamlined processes. For more information about Northpoint’s product offerings, visitwww.northpointcf.com.

SANY America Selects Northpoint Commercial Finance as Exclusive Provider of Floorplan Financing

Peachtree City, GA (November 10, 2015) ― SANY America (SANY), a leading global manufacturer of construction machinery and equipment, has chosen Northpoint Commercial Finance (Northpoint) as the exclusive provider of inventory financing for its fast-growing network of North American dealers.

SANY America manufactures, sells and supports construction and material-handling equipment, including crawler cranes, rough-terrain cranes, crawler excavators, container reach stackers and empty-container handlers. The company handles SANY brand equipment sales and support in the United States, Canada, Mexico and Central America. Parent company SANY Group is the world’s 6th largest manufacturer of construction machinery and equipment.

Manufacturer-dealer relationships are strengthened by inventory financing, also referred to as floorplan financing, as it helps dealers to maximize profits and positions the dealers for growth. Dealers benefit by obtaining enhanced credit availability and flexible financing terms and manufacturers benefit from increased sales opportunities.

“The Northpoint inventory financing program will enable our dealer network to stock and market a wide variety of SANY products to help them grow their businesses,” said Eric Teague, Senior Vice President
of SANY America. “SANY provides financing solutions to make it easier for dealers and their customers to get the SANY equipment they need. The solutions now include Northpoint’s floorplan financing for our dealer network.”

Northpoint’s leadership team has a long history of construction and heavy equipment industry partnerships,” said John Durnien, SVP of Northpoint Commercial Finance. “We are pleased to have been chosen by SANY and look forward to providing an entrepreneurial approach and flexible financing solutions to help their dealer network grow and succeed.”

About SANY
SANY is a global leader in the manufacture and sale of hoisting equipment (crawler, truck, rough-terrain and all-terrain cranes), concrete machines (concrete pumps, placing booms, mixer trucks and batching plants), road machinery (motor graders, rollers, pavers and asphalt batching plants), port equipment (container reach stackers, empty-container handlers, heavy forklifts and gantry cranes), excavators, mining equipment (rigid haul trucks, road headers, mining vehicles, longwall systems and continuous miners), pile-driving machinery and wind turbines. SANY America Inc. sells, distributes and supports crawler cranes from 110 to 550 U.S. tons, rough-terrain cranes from 40 to 85 tons, hydraulic excavators from 7.5 to 23.5 tons, port reach stackers with maximum lift of 99,200 pounds, and empty-container handlers with maximum load of 19,850 pounds. SANY America has an operations, assembly and research and development center in Peachtree City, Georgia. For more information, visit www.sanyamerica.com.

About Northpoint Commercial Finance
Northpoint Commercial Finance, with offices throughout North America, 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.

Francois Veilleux Joins Northpoint Commercial Finance as Director – Business Development

Burlington, Ontario ― Northpoint Commercial Finance (“Northpoint”), a leading provider of inventory financing solutions, announced today that Francois Veilleux has joined the company as director, business development. In this position, Veilleux will be responsible for originating new business relationships in the Province of Quebec. He will be based in Sherbrooke, Quebec.

Northpoint is continuing to expand its lending reach throughout Canada and partner with manufacturers, distributors and dealers to provide flexible financing to their distribution channels.

A recognized leader in inventory financing, Veilleux brings a deep understanding of the marketplace and customers’ needs. “We are delighted to welcome Francois to Northpoint,” said Chris Cook, executive vice president, general manager of Northpoint. “His experience and passion for providing superior customer service will be a tremendous complement to our team. I am confident that he will make a significant contribution to further our growth in Quebec”.

Veilleux has over 30 years of sales experience and has a successful track record of building lasting relationships in the floorplan finance industry. Prior to joining Northpoint, Veilleux held senior business development roles at Deutsche Bank, Textron Financial Corporation and TCF Inventory Finance, where he was regularly recognized for extraordinary achievement, performance and leadership in sales.

Francois Veilleux can be reached at (819) 452-3767 or by email at fveilleux@northpointcf.com.

About Northpoint Commercial Finance
Northpoint Commercial Finance, with offices throughout North America, 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.