CFMOTO Selects Northpoint Commercial Finance as Exclusive Inventory Finance Partner

Alpharetta, GA, December 29th, 2015 – Northpoint Commercial Finance (Northpoint) announced CFMOTO, a global leader in powersports vehicles in the ATV and side-by-side markets, has selected Northpoint as the exclusive provider of floorplan financing for its U.S. dealers.  The partnership will ensure dealers have access to competitive rates and terms, a cutting edge inventory management system and exceptional customer service.

 

CFMOTO is a premier off-road and on-road vehicle manufacturer based in Hangzhou, China with strong market share in over 60 countries.  The Company’s North American headquarters is located in Plymouth, MN.

 

“We are excited to bring CFMOTO a world class inventory finance program that provides dealers with flexible financing solutions. In addition, our online inventory management system allows dealers to manage their business easily and efficiently from anywhere while providing data and analytics to help grow their businesses,” said Dan Radley, Northpoint’s CEO. Northpoint is a leader in inventory financing solutions.

 

The partnership is a result of CFMOTO’s dramatic growth and need for a single technology platform with online tools and monitoring capabilities for dealers. Northpoint will replace the existing floorplanning program offered by CFMOTO Finance Corp.

 

“In looking for a partner that would be as committed to supporting our dealers as we are, we found Northpoint offered the right combination of service and experience in developing and managing exclusive finance programs for global companies,” said Dave Auringer, Vice President of Sales and Dealer Development at CFMOTO USA. “They offer a dedicated team, quick decisions, and importantly, a unique flexibility that provides a significant advantage in today’s often inflexible banking environment.”

 

About CFMOTO

CFMOTO is a premier off-road and on-road vehicle manufacturer based in Hangzhou, China. A recognized global leader in powersports for the past 26 years, CFMOTO was first introduced to the USA market in 2008 and has quickly become recognized as a manufacturer of premium quality, high-performance alternative powersports vehicles in the ATV and side-by-side markets.

 

More info is available at www.CFMOTOUSA.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, visit www.northpointcf.com.

Avalon Pontoon Boats and Honda Marine Partner with Northpoint Commercial Finance

Alma, MI, January 13, 2016 – Avalon Pontoon Boats (“Avalon”), a leading manufacturer of pontoon boats known for their luxury and strength, has entered into an agreement with Honda Marine to provide a new inventory finance program for its dealers. Financing will be provided through Northpoint Commercial Finance (Northpoint), a leader in inventory financing solutions for the marine industry and long-term Avalon financing partner.

 

With this new six-month program, Honda Marine will subsidize Avalon’s dealers’ early payment program when a dealer orders an Avalon boat equipped with a Honda Marine engine. The subsidy applies to the entire boat package invoice, not just the Honda engine.

 

“We’re pleased to work with a best-in-class brand such as Honda Marine to help our dealers reduce costs and grow while giving them an opportunity to pass savings along to customers,” said Jim Wolf, president of Avalon. “At the same time, the partnership will contribute to Avalon’s revenue growth of 15-20 percent per year.”

The world’s largest engine manufacturer, Honda brings the same environmental stewardship to its marine outboards as it does to the Honda vehicles and Power Equipment models that have proven themselves for decades, according to Mark DiPietro, senior manager of Honda Marine. “This partnership will help meet growing consumer demand for more reliable, cleaner engine technology that also is more cost-efficient,” he added.

 

Wolf also commented that Northpoint has long been a valuable resource, providing dealer inventory financing with a more flexible approach than many other lenders. “We look forward to the continued growth of our relationship.”

 

Northpoint’s SVP of the marine business, Russell Baqir, said the finance company is pleased to facilitate the financing. “Avalon has been with Northpoint since we were founded in 2012. We have established great relationships with Avalon and their dealers. We listen to what their dealers want, and I know this will be a great product for them while helping Honda Marine increase their market share at the same time. There is not another floorplan lender flexible enough to replicate this offer.”

 

About Avalon Pontoon Boats

A vertically-integrated builder for more than 40 years, Avalon has earned a reputation for superior quality. Their expert team makes every component that goes into each boat, resulting in a higher degree of control over those who outsource. All Avalon Pontoons are certified by the National Marine Manufacturer Association, meeting or exceeding the industry’s strictest quality and safety standards. Their certified boats also must pass rigorous U.S. Coast Guard annual inspections to retain their status. Avalon’s superior customer satisfaction has been recognized annually with prestigious NMMA CSI Award.

 

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 in the U.S. and Canada, 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.