Northpoint Commercial Finance Expands Field Sales Organization

Alpharetta, GA, June 26, 2016 – Two new Directors of Business Development have joined Northpoint Commercial Finance’s Field Sales Organization. Northpoint is a diversified finance company that provides flexible inventory lending and floor plan financing solutions.

With a highly successful background in floor plan financing, Richard Derbonne will lead development efforts in Texas and Oklahoma. Derbonne joins the Northpoint team from GE Franchise Finance with deep experience gained over more than 20 years in financial services. Previously, Derbonne held senior sales and management positions with such companies as Transamerica, Bombardier, First Horizon National and GE Commercial Distribution Finance.

Based in North Carolina, Greg Nash will lead development efforts in the eastern states of North Carolina, Virginia, West Virginia, Maryland and Delaware. He brings more than 25 years of floor plan financing experience with companies such as ITT, Deutsche Financial Services, Textron Financial, and most recently, NextGear Capital. Nash’s strong track record and experience includes a heavy emphasis on business development and growing dealer relationships.

“This is an exciting growth period for Northpoint as we expand our customer base and provide innovative, customized finance solutions to help customers grow,” said Jeff Olander, Vice President, National Accounts. “With their decades of experience and top-notch skills, I’m confident Rick and Greg will both play a key role in deepening relationships in our key market areas and strengthening our resources.”

Director of Business Development Greg DeCastro, who previously covered Texas and Oklahoma, has relocated to South Carolina and will cover that state along with Georgia and eastern Tennessee.

 

About Northpoint Commercial Finance
Northpoint Commercial Finance, with offices throughout North America, is a diversified financial solutions provider offering inventory lending, floor plan 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.

Northpoint Commercial Finance Provides Inventory Finance Program for O’Rourke Sales Company Dealers

Winston-Salem, NC, June 15, 2016 – Northpoint Commercial Finance (“Northpoint”) continues to expand its partnerships with Nationwide Marketing Group (“Nationwide”) members through a new program for O’Rourke Sales Company (“O’Rourke”) dealers. Northpoint is a diversified finance company that provides flexible inventory lending and floorplan financing solutions, and Nationwide is North America’s largest buying and marketing organization.

Headquartered in Davenport, Iowa with seven locations across the country, O’Rourke is a national distribution and fulfillment company for electronics and appliances across multiple sales channels, including premium and incentive, e-commerce, military exchanges, and both independent and national retailers.

“We are pleased to begin our new relationship with Northpoint,” said Jeff O’Rourke, CEO of O’Rourke Sales.  “We know they understand our dealers’ priorities and financing requirements, and we feel it is crucial to give our dealers as many options as possible to diversify their borrowing.  We encourage our dealers to contact Northpoint about their new program.”

Northpoint’s new program will give O’Rourke dealers a no-cost, extended term financing solution for an inaugural period. In addition, each dealer will be assigned an expert, dedicated account representative to serve as an ongoing financing strategist.

“We’re excited to provide O’Rourke dealers with the means to acquire their showroom and stock inventory without tying up cash and restricting liquidity,” said John Durnien, SVP at Northpoint.

Durnien also emphasized that Northpoint has financing options for all O’Rourke dealers, even though the initial extended terms program began with Nationwide members. As a non-regulated lender, Northpoint offers flexible programs not found in today’s highly regulated banking environment, and can offer a nimbler response.

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.