Alpharetta, GA, March 08, 2016 – Northpoint Commercial Finance (Northpoint), a diversified inventory finance company, has launched an extended term floorplan finance program for Capitol dealers who are members of Nationwide Marketing Group.
Nationwide Marketing Group, North America’s largest buying and marketing organization, added Northpoint as an endorsed lender for their network of over 3,500 members. Dealers are able to take advantage of extended term programs, better manage inventory, extend cash flow and grow revenue through Northpoint’s flexible financing solutions. Capitol is among the first of the new Northpoint vendor relationships resulting from Nationwide’s endorsement.
Capitol is a leading distribution source for residential systems contractors, retailers, PRO AV contractors and premium incentive resellers. They offer high-quality products, competitive prices and expert technical help.
Under the new agreement, Northpoint will offer Capitol dealers members-only extended terms on flexible inventory lending and floorplan financing solutions to help dealers thrive.
“Northpoint’s extended terms financing options make perfect sense for Capitol’s customers,” said Curt Hayes, President & CFO of Capitol. “It will enable dealers to purchase more of our products without tying up their cash in inventory, while supporting our working capital, liquidity and balance sheet strength.”
Northpoint’s senior leaders offer a world-class management team with more than two decades of experience in the industry. As a non-regulated lender, Northpoint offers flexible programs not found in today’s highly regulated banking environment, and can offer a nimbler response. In addition, every Northpoint client, regardless of size, is assigned their own dedicated account representative to serve as an ongoing financing strategist.
“Capitol dealers will benefit not only from the extended terms, but from a faster turnaround and our responsive, high-touch service,” said John Durnien, SVP at Northpoint. “And while we’ll be offering preferred terms to Capitol dealers who are Nationwide members, we will offer financing options to all Capitol dealers.”
“We are always looking for new and creative inventory financing solutions for our membership,” said Frank Sandtner, EVP of Nationwide. ‘We invite our retailers to check out Northpoint at PrimeTime! to better understand the flexible programs Northpoint has to offer.”
Northpoint will be attending the Nationwide Marketing Group PrimeTime! Conference on March 13-16, and will be available to answer questions in booth #9071.
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.