Northpoint Commercial Finance Expands Field Sales Organization

Alpharetta, GA, January 30, 2017 – Northpoint Commercial Finance, a diversified inventory finance lender, is pleased to announce the hiring of three additional Directors of Business Development.  These additions will augment the existing field sales team, provide enhanced regional coverage to service customers, and help further facilitate Northpoint’s robust growth across a variety of industries.

 

With a highly successful background in floor plan financing, Bob Swien will lead development efforts in Texas, Oklahoma, Louisiana, and Arkansas. Swien joins the Northpoint team from NextGear Capital with deep experience that has been gained over more than 30 years in financial services. Swien’s strong track record and expertise includes a heavy emphasis on business development and growing dealer relationships with such companies as ITT Commercial Finance, Green Tree, Textron Financial, and TCF Inventory Finance.

 

Based in Pennsylvania, Rick Myers will lead development efforts in the eastern states of Pennsylvania, New York, Maine, Vermont, New Hampshire, Massachusetts, Connecticut, Rhode Island, and New Jersey. He brings more than 30 years of floor plan financing experience with companies such as Transamerica, Deutsche Financial Services, Textron Financial, Cessna Finance, and most recently, NextGear Capital.

Previously, Myers has held senior sales and management positions throughout his extensive finance career.

 

Adam Stout joins the Northpoint team as a Director of Business Development overseeing Idaho, Montana, Oregon, Washington State, and Alaska. Stout was most recently a territory sales manager for Jacobsen, a division of Textron. He comes to Northpoint with a strong background in financial services that he received while previously working at EverBank Commercial Finance, TCF Inventory Finance, and Iowa State Bank.

 

“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, we’re confident Bob, Rick, and Adam will play a strategic role in expanding and deepening relationships in our key market areas.”

 

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. A knowledgeable 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.

Linhai ATV Selects Northpoint Commercial Finance as Exclusive North American Inventory Finance Partner

Alpharetta, GA, January 9, 2017 – Northpoint Commercial Finance (Northpoint) announced Jiangsu Linhai Power Machinery Group Corp. (Linhai) has chosen Northpoint as their exclusive floorplan financing partner for North American dealers. The partnership will help both companies expand while ensuring dealers have access to competitive rates and terms, flexible programs, and exceptional customer service.

For more than 60 years, Linhai has developed and produced small engines and power machinery, notably a variety of two-stroke and four- stroke gasoline engines and ancillary power machinery. Its main products include ATVs and UTVs, general-purpose engines, mini gasoline generating sets, and affiliated small power machinery.

“We are excited to help Linhai build their dealer network while offering their dealers a world class inventory finance program and flexible financing solutions not found at other floorplan financiers,” said Dan Radley, Northpoint’s CEO. Northpoint is a leader in inventory financing solutions.

The partnership is a result of two ambitious companies joining forces to develop new relationships and build their book of business and geographic footprint in the powersports industry. Northpoint will provide Linhai dealers with introductory free floorplan financing to help bring more product to market.

“We are a pioneering business model that enables customers to continually control their dealerships, changing the way the industry looks at business along the way,” said Todd Pagel, Linhai’s President. “Linhai offers the most competitive dealer margins compared to other OEMs, exclusive territories, and now very advantageous floorplan programs through Northpoint.”

Linhai has eliminated a step in the distribution chain and will be marketing its products under a new brand TITAL, which stands for ‘Take It To Another Level’.  The move will enable the company to be more reactive to the needs of both dealerships and the end consumer, and more effectively control supply chain quality. Northpoint will be a partner in that growth.

“Having a single wholesale financing lender with a successful history in the powersports industry to assist our newly appointed dealers is crucial to our plans,” said Jeff Brunson, Linhai’s Vice President of Sales and Marketing. “Their industry experience, product knowledge and dealer communications savvy were key factors in why we selected them.”

Pagel noted Northpoint’s investment in field staff was another contributing factor in sealing the deal. Northpoint will help Linhai manage the dealer base, attract new dealers, and assist them with financing products beyond the introductory program.

 

About Linhai

Linhai Powersports USA Corporation (now called TITAL) is the US branch of Jiangsu Linhai Power Machinery Group Corp. based in Norcross, Georgia with distribution throughout North America.  LINHAI was founded in 1956 with 60 years in the development and production of small engines and power machinery.  Its main products include ATVs and UTVs, motorcycles, motorcycle engines, electric bikes, general-purpose engines, mini gasoline generating sets and small power machinery such as pumps, chainsaws, pneumatic extinguishers and gardening equipment.

 

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.