Northpoint Announces the Retirement of CFO Steve Culp

Steve Culp, Chief Financial Officer, and one of the founding members of Northpoint Commercial Finance, has announced his retirement.  While Steve officially retired effective March 1, he remains involved in the business on a transitional basis working with team members to wind down key projects and initiatives.  This process should continue through mid-summer.

Steve spent the last five years of his career launching Northpoint and playing a critical role in the company’s growth and success, capping an illustrious career that included 30 years in the industry.  Culp previously held leadership roles in finance, treasury, and controllership in the distribution finance businesses at ITT Commercial Finance, Deutsche Financial Services, General Electric and Textron Financial.

Dan Radley, CEO, stated, “Steve’s experience, passion, and hard work was and still is a key component to Northpoint’s launch and success. His focus on teamwork and helping out wherever and whenever needed is indicative of the Northpoint culture.  The continuation of that mindset will be a key part of Steve’s Northpoint legacy.  He will be greatly missed as a dedicated member of our team.”

“After being in the industry so long, it has been a great experience to start a new business along with the colleagues I have known for so many years. Northpoint has grown by adding experienced and talented members to our team, and being a part of that growth has been both rewarding and fun.” Said Culp. “Northpoint’s success is due to its employees and the success of the dealers and manufacturers that we serve; and my role at Northpoint has been the best of my career because I have seen Northpoint become the great organization that it is today.”

Once his responsibilities have officially concluded Steve looks forward to spending more time at the beach with his wife Mary, children and grandchildren and traveling extensively.

Northpoint Commercial Finance Celebrates Five Years of Success

After five years of substantial growth, Northpoint Commercial Finance continues to successfully expand their market share, penetrate new product lines, and develop exclusive relationships with their inventory finance and private label program solutions. From a start-up company to an established and internationally recognized entity, the team at Northpoint has not only met but exceeded their goals, year after year.

 

In March 2012, Northpoint Commercial Finance moved into their new office space with big ideas to build strong, mutually beneficial relationships with manufacturers, distributors, and dealers. Northpoint leaders recognized a void in the market, and created a business model centered around customer service, superior communication, and efficiency.  The team was enthusiastic about focusing on the customer and offering creative options that were lacking at the time with other lenders. The Northpoint management team averages 20 years in the industry and brought their knowledge of what works from previous experience and built a strong cohesive foundation by incorporating teamwork, efficiency, and an unwavering dedication to customers. Today, Northpoint is thrilled to report that they have grown to nearly 100 employees, with accounts in all 50 states and all provinces in Canada.

 

In addition, this drive to revolutionize what people knew about the floorplan financing industry continued to Northpoint’s branding strategy, propelling them to new levels. From their innovative website to an original advertising campaign, their brand, robust and recognizable, proved to speak to their target audience and garnered the attention of prospective clients. Now those clients are here to stay. The business continues to grow, hire new people, and form strategic partnerships. Northpoint Commercial Finance can’t wait to see what the next five years will bring.