Winston-Salem, NC, November 13, 2015 – Nationwide Marketing Group (Nationwide), North America’s largest buying and marketing organization with over $15 billion in sales, has added Northpoint Commercial Finance as an endorsed lender for their network of over 3,800 members.
Nationwide works beside thousands of appliance, furniture, electronics, specialty electronics, custom installation and rent-to-own dealers to help them grow their businesses through purchasing power, marketing and finance programs. Northpoint, a diversified inventory finance company, provides dealers flexible inventory lending and floorplan financing solutions to manage inventory more efficiently. They will provide Nationwide’s dealers with favorable members-only terms for inventory purchases.
“We’re pleased to bring our members more financing options with Northpoint,” said David Bilas, President/CEO of Nationwide. “We respect Northpoint’s expertise and know their professionals will bring our members creative solutions shaped by industry knowledge. We expect this to be a long and successful partnership.”
Northpoint’s executives offer a world-class management team with more than two decades of experience in the industry.
“The industry is evolving quickly, said John Durnien, SVP at Northpoint. “As consumer demand and buying patterns evolve along with product quality improvement and new features, turnover increases exponentially. Dealers will need to purchase more inventory to stay ahead of consumer demand, and they’ll need creative ways to enhance product turns profitably and quickly. We’re looking forward to helping them with our finance solutions.”
Northpoint is focused on working exclusively with Nationwide as their buying group partner for this industry. As a non-regulated lender, Northpoint offers flexible programs not found in today’s highly regulated banking environment, and can offer a more nimble response. Nationwide’s members will benefit from a faster turnaround and responsive, high-touch service.
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.