Peachtree City, GA (November 10, 2015) ― SANY America (SANY), a leading global manufacturer of construction machinery and equipment, has chosen Northpoint Commercial Finance (Northpoint) as the exclusive provider of inventory financing for its fast-growing network of North American dealers.
SANY America manufactures, sells and supports construction and material-handling equipment, including crawler cranes, rough-terrain cranes, crawler excavators, container reach stackers and empty-container handlers. The company handles SANY brand equipment sales and support in the United States, Canada, Mexico and Central America. Parent company SANY Group is the world’s 6th largest manufacturer of construction machinery and equipment.
Manufacturer-dealer relationships are strengthened by inventory financing, also referred to as floorplan financing, as it helps dealers to maximize profits and positions the dealers for growth. Dealers benefit by obtaining enhanced credit availability and flexible financing terms and manufacturers benefit from increased sales opportunities.
“The Northpoint inventory financing program will enable our dealer network to stock and market a wide variety of SANY products to help them grow their businesses,” said Eric Teague, Senior Vice President
of SANY America. “SANY provides financing solutions to make it easier for dealers and their customers to get the SANY equipment they need. The solutions now include Northpoint’s floorplan financing for our dealer network.”
Northpoint’s leadership team has a long history of construction and heavy equipment industry partnerships,” said John Durnien, SVP of Northpoint Commercial Finance. “We are pleased to have been chosen by SANY and look forward to providing an entrepreneurial approach and flexible financing solutions to help their dealer network grow and succeed.”
SANY is a global leader in the manufacture and sale of hoisting equipment (crawler, truck, rough-terrain and all-terrain cranes), concrete machines (concrete pumps, placing booms, mixer trucks and batching plants), road machinery (motor graders, rollers, pavers and asphalt batching plants), port equipment (container reach stackers, empty-container handlers, heavy forklifts and gantry cranes), excavators, mining equipment (rigid haul trucks, road headers, mining vehicles, longwall systems and continuous miners), pile-driving machinery and wind turbines. SANY America Inc. sells, distributes and supports crawler cranes from 110 to 550 U.S. tons, rough-terrain cranes from 40 to 85 tons, hydraulic excavators from 7.5 to 23.5 tons, port reach stackers with maximum lift of 99,200 pounds, and empty-container handlers with maximum load of 19,850 pounds. SANY America has an operations, assembly and research and development center in Peachtree City, Georgia. For more information, visit www.sanyamerica.com.
About Northpoint Commercial Finance
Northpoint Commercial Finance, with offices throughout North America, is a diversified inventory finance company that partners with manufacturers, distributors and dealers to provide flexible financing to their distribution channels. Northpoint combines experience with innovative technologies, fresh ideas, streamlined processes and customer focus. For more information about Northpoint’s product offerings, visit www.northpointcf.com.