Northpoint Commercial Finance Reinforces Commitment to Technology Channel

Alpharetta, GA, March 22, 2016 –  With recent news of lender consolidation, Robert Wagner of Northpoint Commercial Finance took a step back to offer a few perspectives on the impact to companies, especially in the technology sector. Northpoint is a leading diversified inventory finance company for technology original equipment manufacturers (OEMs), distributors and value added resellers, providing creative, end-to-end financing solutions along the entire supply chain.

“These market disruptions have fostered a lot of media and industry conversation,” said Wagner, an industry veteran of the financial services and channel finance experience. “As an independent lender and market leader, Northpoint has been able to step in and address concerns among technology borrowers.”

The recent consolidation will most likely have an impact on OEM, Distributors, and Resellers. Wagner raised a few issues that he sees on the immediate horizon.

  1. Reduced capital and liquidity to the channel. Borrowers will likely have reduced access to capital. With the combination of capital providers and sheer size of the industry, there may be market segments that lenders are unable or unwilling to serve.
  2. Increased bank regulatory pressure and compliance hurdles may cause large lenders to have to abandon some market segments and avoid any significant lending concentrations.
  3. Channel lending to small and medium size businesses may contract or be abandoned altogether, as the focus shifts to larger, more profitable customer relationships.

Drawing parallels to the late 1990s into early 2000s, Wagner pointed out the industry has seen this cycle before. “At the time there were half a dozen lenders, then GE Capital acquired several and consolidated into one lending powerhouse. There was immense concern by borrowers about a lack of funding options that gave birth to new capital providers that were attracted to the space. It looks like that pattern is repeating itself now.”

For now, with fewer financing options for their Reseller Partners, OEMs and Distributors may have to increase open term accounts, increasing their collection and credit risk as well as back office personnel cost. Secondly, solution providers may have to turn to higher cost money to finance product, so profitability will be affected throughout the channel.

Northpoint has stepped in to fill the void and is committed to helping OEMs, distributors and solution providers capture more sales with a steady source of working capital. “Northpoint has taken the lead in reaching out to technology OEMs, distributors, and solution providers with customized financing solutions that can adapt to changing needs. What’s more, as an independent commercial finance company, we can offer more benefits in terms of speed and flexibility,” Wagner said.

Wagner underscored Northpoint’s dedication to the technology sector through their ability to support channel partners of all sizes, including those focused in the SMB space.

About Northpoint Commercial Finance

Northpoint Commercial Finance, with offices in the U.S. and Canada, 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.

Northpoint Commercial Finance to Provide Inventory Financing for D&H Distributing’s Reseller Network

Alpharetta, GA., March 11, 2016 – Northpoint Commercial Finance (Northpoint), a diversified finance company that provides flexible inventory lending and floorplan financing solutions, has developed a financing program for D&H Distributing (D&H) resellers. The program provides extended terms to D&H resellers who are also Nationwide Marketing Group members.

Nationwide, North America’s largest buying and marketing organization, helps thousands of appliance, furniture, electronics, specialty electronics, custom installation and rent-to-own dealers grow their businesses through purchasing power, marketing and finance programs. One of those programs is Northpoint’s floorplan financing, which Nationwide endorsed as a preferred lender for their over 3,500 members.

As a Nationwide Marketing Group vendor partner, D&H appreciated having an alternative, nimble source of inventory financing in Northpoint to ensure the growth and health of their reseller network. D&H is a leading technology distributor of IT and electronics offering end-to-end solutions for resellers, retailers and the clients they serve in the small-to-medium business and consumer markets.

“D&H is rooted in the tradition of taking a hands-on role in helping our resellers achieve their goals,” said Matt Riley, Sr. Financial Services Manager of D&H Distributing. “Offering extended term floor plan financing is one more way we can deliver on that promise. We also appreciate Northpoint’s shared values in customer service through dedicated account representatives for each client, regardless of size.”

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.

“Dealers and resellers need to purchase inventory to stay ahead of consumer demand, and they need creative ways to enhance product turns profitably and quickly. We’re looking forward to helping them with our finance solutions,” said John Durnien, SVP at Northpoint. “And while we’ll be offering preferred extended terms to D&H customers who are Nationwide members, we will offer financing options to all D&H resellers.”

“Northpoint as an industry finance option is a great compliment to our eXchange program,” said Dean Sottile, SVP of Distribution Logistics for Nationwide. “This provides our independent dealers with even more tools to help them make the best decisions for their business.”

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.

Legend Boats Adds Northpoint Commercial Finance For Dealer Financing

Burlington, Ontario, February 25, 2016 – Legend Boats(Legend) is one of Canada’s largest boat companies and one of the fastest growing boat brands on the market. Every Legend boat model is designed by Canadians and built for Canadians. Legend Boats designs and manufactures 25 models of aluminum fish/ski/cruise boats and twenty models of pontoon boats that are distributed through over fifty Legend Dealers across Canada. To supplement its existing Floorplan Financing Program, Legend welcomes Northpoint Commercial Finance (Northpoint), a leader in inventory financing solutions for the marine industry, as one of their service partners.

Jamie Dewar, Co-General Manager of Legend, states, “By adding Northpoint to our existing Floorplan Financing Providers it gives us the ability to live our mission of creating memories for our customers. We are excited to be offering another great alternative for our dealers.”

Chris Cook, Executive Vice President and General Manager of Northpoint’s Canadian operation said, “We are thrilled to partner with Legend Boats.  We greatly appreciate and welcome the opportunity to put our trademark customer focus to work with Legend and their dealers across Canada.”

As both companies are committed to bringing a superior experience to their customers, the partnership between Legend and Northpoint is an ideal venture. Legend believes in delivering the best boating experience possible, and that starts with providing their dealers with quality products that meet the needs of their customers. This is complemented by partnering with Northpoint, because Northpoint shares their vision of strong business relationships through exceptional support, swift solutions, and innovative ideas.

 

About Northpoint Commercial Finance

Northpoint, with over 25 years of industry experience and offices throughout North America, adheres to the needs of the customer, not strict guidelines and uncompromising options. They have been revolutionizing the finance industry for years, partnering with manufacturers, distributors, and dealers to provide flexible financing solutions, because they believe an inflexible solution is really no solution at all. Their decisions are fast, too. You will have an answer from Northpoint in an expedient manner because they understand that time is money. This means Northpoint’s clients are able to grow their businesses and meet their goals at speeds that most have never experienced.  Most customers expand their relationship with Northpoint within the initial twelve months of coming on board because of this unmatched client focus. If you think commercial lenders can’t have innovative ideas and a fresh focus, you have never worked with Northpoint Commercial Finance. For more information about Northpoint’s product offerings, visit www.northpointcf.com.

 

About Legend Boats

It all started out with two friends; Vic Duhamel and Carl Dewar who opened a tire dealership called Duhamel & Dewar in Sudbury back in 1968. In 1976, they moved their business to Whitefish, Ontario and expanded the company to sell recreational vehicles and boats. Later, in 1986 the pair launched Legend Boats, which became their primary business, focused on delivering the absolute best value in the marine industry and making it as easy as possible to get involved in boating. Over the years, innovative design concepts like full stand up tops, rounded windshields, and rear bench seating, helped shape the Canadian marine industry. Today, Legend Boats continues to pursue their mission to create memories, led by the next generation of managers, Marc Duhamel, Jamie Dewar and Jeff Duhamel. They grew up in the boating industry, mentored by their fathers Vic and Carl, and have always been involved in all facets of the business. From design to production, to sales and marketing, the next generation of management has taken Vic and Carl’s vision and added their twist. Their continued focus on offering the best value and trying to impress their customers has helped get Legend Boats to where it is today – a successful boat company that helps thousands of Canadians experience boating and create memories that will last a lifetime.  To learn more about Legend, visit www.legendboats.com.

Capitol Sales Company Launches an Extended Term Inventory Financing Program through Northpoint Commercial Finance

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.

Nationwide Marketing Group Endorses Northpoint Commercial Finance

Winston-Salem, NC, November 13, 2015 – Nationwide Marketing Group (Nationwide), North America’s largest buying and marketing organization with over $15 billion in sales, has added Northpoint Commercial Finance as an endorsed lender for their network of over 3,800 members.

Nationwide works beside thousands of appliance, furniture, electronics, specialty electronics, custom installation and rent-to-own dealers to help them grow their businesses through purchasing power, marketing and finance programs. Northpoint, a diversified inventory finance company, provides dealers flexible inventory lending and floorplan financing solutions to manage inventory more efficiently. They will provide Nationwide’s dealers with favorable members-only terms for inventory purchases.

“We’re pleased to bring our members more financing options with Northpoint,” said David Bilas, President/CEO of Nationwide. “We respect Northpoint’s expertise and know their professionals will bring our members creative solutions shaped by industry knowledge. We expect this to be a long and successful partnership.”

Northpoint’s executives offer a world-class management team with more than two decades of experience in the industry.

“The industry is evolving quickly, said John Durnien, SVP at Northpoint. “As consumer demand and buying patterns evolve along with product quality improvement and new features, turnover increases exponentially. Dealers will need to purchase more inventory to stay ahead of consumer demand, and they’ll need creative ways to enhance product turns profitably and quickly. We’re looking forward to helping them with our finance solutions.”

Northpoint is focused on working exclusively with Nationwide as their buying group partner for this industry. As a non-regulated lender, Northpoint offers flexible programs not found in today’s highly regulated banking environment, and can offer a more nimble response. Nationwide’s members will benefit from a faster turnaround and responsive, high-touch service.

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.

CFMOTO Selects Northpoint Commercial Finance as Exclusive Inventory Finance Partner

Alpharetta, GA, December 29th, 2015 – Northpoint Commercial Finance (Northpoint) announced CFMOTO, a global leader in powersports vehicles in the ATV and side-by-side markets, has selected Northpoint as the exclusive provider of floorplan financing for its U.S. dealers.  The partnership will ensure dealers have access to competitive rates and terms, a cutting edge inventory management system and exceptional customer service.

 

CFMOTO is a premier off-road and on-road vehicle manufacturer based in Hangzhou, China with strong market share in over 60 countries.  The Company’s North American headquarters is located in Plymouth, MN.

 

“We are excited to bring CFMOTO a world class inventory finance program that provides dealers with flexible financing solutions. In addition, our online inventory management system allows dealers to manage their business easily and efficiently from anywhere while providing data and analytics to help grow their businesses,” said Dan Radley, Northpoint’s CEO. Northpoint is a leader in inventory financing solutions.

 

The partnership is a result of CFMOTO’s dramatic growth and need for a single technology platform with online tools and monitoring capabilities for dealers. Northpoint will replace the existing floorplanning program offered by CFMOTO Finance Corp.

 

“In looking for a partner that would be as committed to supporting our dealers as we are, we found Northpoint offered the right combination of service and experience in developing and managing exclusive finance programs for global companies,” said Dave Auringer, Vice President of Sales and Dealer Development at CFMOTO USA. “They offer a dedicated team, quick decisions, and importantly, a unique flexibility that provides a significant advantage in today’s often inflexible banking environment.”

 

About CFMOTO

CFMOTO is a premier off-road and on-road vehicle manufacturer based in Hangzhou, China. A recognized global leader in powersports for the past 26 years, CFMOTO was first introduced to the USA market in 2008 and has quickly become recognized as a manufacturer of premium quality, high-performance alternative powersports vehicles in the ATV and side-by-side markets.

 

More info is available at www.CFMOTOUSA.com

 

 

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.

Avalon Pontoon Boats and Honda Marine Partner with Northpoint Commercial Finance

Alma, MI, January 13, 2016 – Avalon Pontoon Boats (“Avalon”), a leading manufacturer of pontoon boats known for their luxury and strength, has entered into an agreement with Honda Marine to provide a new inventory finance program for its dealers. Financing will be provided through Northpoint Commercial Finance (Northpoint), a leader in inventory financing solutions for the marine industry and long-term Avalon financing partner.

 

With this new six-month program, Honda Marine will subsidize Avalon’s dealers’ early payment program when a dealer orders an Avalon boat equipped with a Honda Marine engine. The subsidy applies to the entire boat package invoice, not just the Honda engine.

 

“We’re pleased to work with a best-in-class brand such as Honda Marine to help our dealers reduce costs and grow while giving them an opportunity to pass savings along to customers,” said Jim Wolf, president of Avalon. “At the same time, the partnership will contribute to Avalon’s revenue growth of 15-20 percent per year.”

The world’s largest engine manufacturer, Honda brings the same environmental stewardship to its marine outboards as it does to the Honda vehicles and Power Equipment models that have proven themselves for decades, according to Mark DiPietro, senior manager of Honda Marine. “This partnership will help meet growing consumer demand for more reliable, cleaner engine technology that also is more cost-efficient,” he added.

 

Wolf also commented that Northpoint has long been a valuable resource, providing dealer inventory financing with a more flexible approach than many other lenders. “We look forward to the continued growth of our relationship.”

 

Northpoint’s SVP of the marine business, Russell Baqir, said the finance company is pleased to facilitate the financing. “Avalon has been with Northpoint since we were founded in 2012. We have established great relationships with Avalon and their dealers. We listen to what their dealers want, and I know this will be a great product for them while helping Honda Marine increase their market share at the same time. There is not another floorplan lender flexible enough to replicate this offer.”

 

About Avalon Pontoon Boats

A vertically-integrated builder for more than 40 years, Avalon has earned a reputation for superior quality. Their expert team makes every component that goes into each boat, resulting in a higher degree of control over those who outsource. All Avalon Pontoons are certified by the National Marine Manufacturer Association, meeting or exceeding the industry’s strictest quality and safety standards. Their certified boats also must pass rigorous U.S. Coast Guard annual inspections to retain their status. Avalon’s superior customer satisfaction has been recognized annually with prestigious NMMA CSI Award.

 

About Honda Marine

Honda Marine, a division of American Honda Motor Co., Inc., markets a complete range of outboard marine engines. Its comprehensive product line is powered exclusively by 4-stroke engines. Information regarding Honda Marine products is available at www.hondanews.com.

 

About Northpoint Commercial Finance

Northpoint Commercial Finance, with offices in the U.S. and Canada, 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, visitwww.northpointcf.com.

Northpoint Commercial Finance Joins EMDA

Alpharetta, GA, December 16, 2015 – Northpoint Commercial Finance, a diversified inventory finance company that provides flexible inventory lending and floorplan financing solutions, has become a member of the Equipment Marketing Distribution Association (EMDA).

EMDA is the international association for wholesaler-distributors and manufacturers’ representatives of agricultural and related industry equipment and parts. EMDA members have served as the vital link between manufacturers and North American retail dealers for generations.

“We have a long history of working in the agricultural industry with manufacturers, distributors and dealers and we look forward to continuing to support this underserved agriculture market niche,” said John Durnien, SVP at Northpoint. “Even though we are a national lender, we work with dealers of all sizes. We are well-versed in the industry’s financing needs and challenges companies face.”

Northpoint is the only inventory finance member of EMDA and has already established inventory floorplan financing programs with distributors such as Cummings & Bricker, Inc., Edney Distributing Co., Inc., and Show-Me Shortline, LLC.

Gene Cummings, President of Cummings and Bricker, said “Northpoint leverages experience and innovative technology to provide exceptional service to our customers. This is a highly customer-focused organization that has been particularly responsive to our needs and that will benefit our dealer partners.”

“We’re proud to be an active member of EMDA. And we’re excited that our customized inventory financing programs can give distributors another way to help their dealers grow and expand their product lines,” Durnien added.

EMDA Executive Vice President Pat Collins noted the importance of flexible financing for the success of members. “Financing is a critical growth factor, no question. We’re excited to partner with Northpoint and bring members another financing option.”

Northpoint executives previously ran Textron Financial Corp.’s EDCO financing program for dealers.

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.

Coach Pontoons Provides 300 Days of Free Floorplanning through Northpoint Commercial Finance for its Dealer Network

Prairieville, LA, December 10, 2015 – Coach Pontoons (Coach), a manufacturer of high-end recreation pontoon boats, is offering a one-of-a-kind inventory finance program for its dealer network. Dealers who purchase boats equipped with Honda engine packages will receive 300 days of free floorplan financing. Contact Coach Pontoons for more information. Financing will be provided through Northpoint Commercial Finance (Northpoint), a leader in inventory financing solutions for the marine industry.

“As a relatively new manufacturer, we wanted to come out with a strong offer for dealers to capture industry interest and create excitement about our luxury product,” said Chris Riddle, President of Coach Pontoons. “No other pontoon manufacturer is offering 300 days of free floorplan financing. This gives dealers the opportunity to offer our full product line at very little cost. With such an in-demand product for an up-market demographic, we are confident it will be a win-win.”

Coach is a high quality manufacturer of well-appointed pontoon boats with high-performance tubes. Their boats include as standard features what other manufacturers offer as options, while their options – such as the tilt Gussi Italian steering wheel – add a sophisticated touch. Coach’s goal is to produce pontoons of the highest quality with the best OEM equipment available with the end goal of delivering the best value to the marketplace.

In another bold move, Coach entered the market with an exclusive OEM partnership with highly-respected Honda Marine. Honda will supply Coach Pontoons with selected outboard engine models from its Mid-Range and High Power BF Series as original equipment for all Coach pontoon models. The agreement further enhances the boats’ reputation for reliability and quality.

“Honda Marine leads the industry and sets the standard for excellence with new innovations, products and design enhancements, and Coach Pontoons is proud to be part of the Honda legacy,” Riddle added.

Mark DiPietro, senior manager at Honda Marine appreciates the opportunity to align itself with Coach. “Honda’s class-leading performance, coupled with advanced, innovative technologies and outstanding fuel efficiency and reliability make all the BF Series Honda engines ideal power sources for the Coach pontoon product lineup.”

Northpoint’s SVP of marine business, Russell Baqir, noted the finance program applies to the entire boat package, including the Coach pontoon, the Honda motor, the accessories and freight. “We’re looking forward to the opportunity to bring the Coach name and quality product to more dealerships across the country through this one-of-a-kind financing package.”

About Coach Pontoons
Based in Prairieville, Louisiana, Coach Pontoons is a subsidiary of Coach Marine Group LLC. They offer a full range of models for dealers throughout North America, currently producing six models of pontoons ranging from 21-25 feet, with plans for a seventh series.

About Honda Marine
Honda Marine, a division of American Honda Motor Co., Inc., markets a complete range of outboard marine engines. Its comprehensive product line is powered exclusively by 4-stroke engines. Information regarding Honda Marine products is available at www.hondanews.com.

About Northpoint Commercial Finance
Northpoint Commercial Finance, with offices in the U.S. and Canada, 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.

Northpoint Commercial Finance Expands Financing Options for Technology Vendors and Solution Providers

Alpharetta, GA, December 2, 2015 – Northpoint Commercial Finance announced they have expanded their market focus to provide financing solutions to technology OEMs, Distributors and Value Added Resellers. Leading the technology effort is industry veteran Robert E. Wagner, with over 25 years of financial services and channel finance experience.

“As technology hardware, software and service products continue to evolve at an ever-increasing pace, delivery models are changing to cloud, software as a service, and other types of on-demand solutions,” Wagner said. “As a result, financing challenges have increased for technology manufacturers and resellers. The channel requires a progressive lender who can customize financing and adapt to meet evolving needs.”

Northpoint is well positioned to help IT providers capture more sales. As a privately held non-bank lender, they have the flexibility to deliver creative, end-to-end financing solutions along the entire supply chain.

“Another issue facing the industry is a contracting financial marketplace,” Wagner explained. “Channel lender consolidation and rigid lending parameters have dramatically reduced the financing options available. Northpoint is committed to the channel and providing financing programs that enable OEMs, Distributors and Solution Providers to capture more sales. We look forward to empowering smart growth in this sector with a viable financing alternative.”

Responding to this strong market demand for a flexible, high touch lender, Northpoint has developed asset based financing programs customized for the needs of the technology channel. Wagner, and Northpoint, leveraged their financial and technology expertise to deliver an efficient and steady source of working capital to help technology businesses overcome financing challenges. Their programs offer channel partners additional credit with extended terms; enhanced liquidity and purchasing power; and improved cash flow and working capital.

Wagner underscored Northpoint’s dedication to the technology sector through their ability to support channel partners of all sizes, including those focused in the SMB space.

About Northpoint Commercial Finance

Northpoint Commercial Finance, with offices in the U.S. and Canada, 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.