Encore Boat Builders and Honda Marine Join Forces with Northpoint Commercial Finance On Dealer Financing

Encore Boat Builders, LLC
1650 Two Notch Road
Lexington, SC 29073
(803) 520-5280
www.encoreboatbuilders.com

Lexington, SC December 14, 2015 – Encore Boat Builders, LLC (Encore), a leading manufacturer of quality, affordable pontoon boats under the Encore Bentley brand, has struck a deal with Honda Marine (Honda) to provide a new inventory finance program for its U.S. dealers. Financing will be provided through Northpoint Commercial Finance (Northpoint), a leader in inventory financing solutions for the marine industry and an exclusive partner to Honda. Encore has also partnered with Northpoint since 2013 to provide inventory financing to its dealers.

With this new agreement, once an Encore dealer activates a line of credit with Northpoint, the dealer can draw on the line to fund purchases of Encore Bentley pontoon boats with Honda engine packages and earn an early pay discount for 120 days. The discount applies to the entire boat package, not just the Honda engine.

“Our boats are easy to operate, affordable and come with great standard features,” said Steve Deese, founder and president of Encore Boat Builders. “With this exclusive financing program, we are excited to offer our dealers Honda engines as another high quality standard. It will help our dealers grow their businesses and attract new customers.”

The world’s largest engine manufacturer, Honda brings the same environmental stewardship to its marine outboards as it does the vehicles that have proven themselves for decades. Mark DiPietro, senior manager of Honda Marine stated, “We were the first to offer a full line of dependable four-stroke engines, and had the first four-stroke engine to exceed both EPA and CARB emission standards. We’re happy to help Encore dealers align with the growing consumer demand for more reliable, cleaner technology that leaves our waters more pristine, and help them be more cost-efficient along the way.”

Northpoint’s SVP of marine business, Russell Baqir, said the finance company is pleased to help two great companies work together to help dealers. “We appreciate the opportunity to put our trademark customer focus to work on crafting this financing package. It benefits all parties involved.”

About Encore Boat Builders, LLC With a long history of offering value in the market, Encore Bentley Pontoon boats are known for their solid craftsmanship and reasonable price. The manufacturing plant is located in Lexington, South Carolina, where Encore makes its own components, such as furniture, tubes and railings, to ensure quality control while reducing costs. Encore’s skilled employees pride themselves in delivering craftsmanship that is second to none.

For more information, visit www.encoreboatbuilders.com

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 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.