News

Northpoint Team Attends the RV Open House

Elkhart, IN ― Northpoint Commercial Finance recently attended the 8th Annual RV Open House Week in Elkhart, Indiana, which took place September 22nd through the 24th. Many of the RV manufacturers showcased their best and newest brands for the upcoming year for the thousands of dealers that were in attendance.

The three-day event has grown tremendously over the years, beginning as a one-company event in 2008. Now, more than 4,000 attend the annual gathering. Northpoint utilized the opportunity to network with the manufacturers and dealers that they serve by discussing their value-added and customer-focused financial solutions for the RV industry. It was a tremendous opportunity to have face-time with so many manufacturers and dealer Customers in one place.

In addition, former Chicago Bears Coach Mike Ditka (and very dear friend of Evergreen founder Mr. Kelly Rose) was a highlight of the Wednesday evening Customer event at Evergreen RV. Coach Ditka spoke with the dealers which was tremendous, signed autographs for nearly an hour after arriving in a bright red helicopter. Also, Hall of Fame and Chicago Bears running back Gayle Sayers made a surprise appearance at the Evergreen event to sign autographs as well. Their appearance at the EverGreen, Lifestyle, Skyline display brought much excitement and additional attention to the occasion.

Wacker Neuson Partners with GreatAmerica Financial Services and Northpoint Commercial Finance to establish Wacker Neuson Finance

Menomonee Falls, WI ― Wacker Neuson Corporation announced today the establishment of Wacker Neuson Finance, an integrated platform which will provide financing to Wacker Neuson dealers and commercial end-users of Wacker Neuson equipment. GreatAmerica Financial Services will provide dealer rental fleet and end-user financing while Northpoint Commercial Finance has been selected to provide dealer inventory (floorplan) financing.

“Wacker Neuson is committed to partnering with our dealers to make them the most profitable, best managed and financially strongest dealers in our markets,” said Bart Danieluk, Finance Manager Wacker Neuson Sales America’s. “We’re excited to leverage GreatAmerica and Northpoint’s commitment to outstanding service and ability to provide integrated and competitive finance programs to our entire dealer base.”

Based in Cedar Rapids, IA, GreatAmerica will provide customized end-user financing solutions to include fleet rental programs. “We are excited to work with Wacker Neuson and supporting their continued growth in the US and Canadian markets.”, said Brian Bjella, GreatAmerica Senior Vice President. “We have developed an efficient online finance platform for Wacker Neuson that will enhance their customer’s experience and augment best in class service for their dealers, sales force and retail customers.”

Northpoint, a commercial inventory finance provider based in Alpharetta, GA and Burlington, ON, will provide exclusive credit lines for inventory purchases together with attractive terms to ensure dealer stocking needs are met. Northpoint prides itself on offering a creative, flexible and personal approach to floorplan lending through its veteran team of distribution finance experts. “Our companies’ cultures and values align well, and the collaboration between Wacker Neuson, GreatAmerica and Northpoint allowed us to create this customer focused program” said Dan Radley, president of Northpoint Commercial Finance.

Wacker Neuson Finance is scheduled to launch at their Dealer Summit on October 1, 2015 in Menomonee Falls, WI.

About Wacker Neuson
The Wacker Neuson Group is an international family of companies and a leading manufacturer of light and compact equipment with over 50 affiliates and 140 sales and service stations. The Group offers its customers a broad portfolio of products, a wide range of services and an efficient, global spare parts service. The product brands Wacker Neuson, Kramer, and Weidemann belong to the Wacker Neuson Group. Wacker Neuson is the partner of choice among professional users in construction, gardening, landscaping, and agriculture, as well as among municipal bodies and companies in industries such as recycling and energy. In 2014, the Group achieved revenue of EUR 1.28 billion, employing over 4,500 people worldwide. More information can be found at www.wackerneuson.com.

About GreatAmerica
Established in 1992, GreatAmerica Financial Services Corporation is a $1.7 billion national commercial equipment finance company headquartered in Cedar Rapids, IA. GreatAmerica provides financing and niche market-focused services in all fifty states with a strong emphasis in light industrial and construction finance. GreatAmerica is dedicated to helping manufacturers, vendors, and dealers be more successful and keep their customers for a lifetime. www.greatamerica.com

About Northpoint Commercial Finance
Northpoint Commercial Finance, with offices in Alpharetta, GA and Burlington, ON, 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. More information about Northpoint and their offerings is available at www.northpointcf.com.

Honda Marine Selects Northpoint Commercial Finance to Provide Dealer and OEM Finance Program

Alpharetta, GA ― Honda Marine has chosen Northpoint Commercial Finance, a diversified inventory finance company, as the exclusive provider of a new finance program. The finance program is designed to provide a flexible approach to floor planning boat/motor/trailer packages for original equipment manufacturers and dealers. Honda Marine, a division of American Honda Motor Co., Inc., markets a complete range of 4-stroke, outboard marine engines.

By working closely with OEM’s, Northpoint and Honda will help dealers reduce their Honda loose outboard financing cost. The program will allow Honda to design programs specific to the OEM and dealer needs in the marine engine market.

“Northpoint welcomes the opportunity to work alongside Honda Marine to develop this program. Our growth in the marine segment is reflective of our flexible approach and taking the time to better understand the specific needs of the marine dealers and manufacturers,” said Dan Radley, Chief Executive Officer of Northpoint Commercial Finance. “We’re excited to launch this program with such a respected company as Honda Marine and continue to provide innovative finance options for Honda dealers.”

Honda Marine exclusively features 4-stroke outboard engine technology for high fuel efficiency, quiet operation, and low emissions. Honda Marine outboards share the same unparalleled durability, quality, and reliability of its legendary automobiles. With models ranging from 2.3 to 250 horsepower, the Honda Marine full line of current production models certify to California Air Resources Board (CARB) 3-Star standards, ensuring their availability and regulatory compliance in all 50 states.

“Honda Marine welcomes the opportunity to provide our dealers effective, creative and flexible approaches to floorplanning, which, in turn, help increase their profitability,” said Mark DiPietro, senior manager, Honda Marine. “Our exclusive partnership with the experienced team at Northpoint Commercial Finance allows us to accomplish this strategy with the greatest efficiency.”

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 for media regarding Honda Marine products is available at www.hondanews.com.
Consumer information regarding Honda products is available at www.honda.com, www.powerequipment.honda.com, www.hondaengines.com, and www.hondamarine.com.
For product inquiries and dealer locations, please visit marine.honda.com.
Connect with Honda Marine on Facebook by visiting http://facebook.com/hondamarine.

Northpoint Commercial Finance, with offices in Alpharetta, GA, and Burlington, ON is a diversified inventory finance company that partners with manufacturers, distributors and dealers to provide financing to their distribution channels.

More information about Northpoint and their offerings is available at www.northpointcf.com.

Northpoint Commercial Finance Places Emphasis on Private Label Inventory Finance Offerings

Alpharetta, GA – Northpoint Commercial Finance announced today that they will now expand their market focus to include exclusive, captive and private label inventory finance programs. Driven by strong receivable growth and market demand for a flexible, high touch lender, Northpoint will add programs designed together with the OEM to meet specific product placement needs in a variety of industries.

Leading this initiative is Scott Raymond who has been retained to assist Northpoint’s business development team, bringing 28 years of floorplan expertise developing and managing captive and private label programs for market leading manufacturers. With a background in P&L management, strategic planning, and team leadership, he is a results-driven senior executive with an impressive track record of success. Mr. Raymond will work with Dan Radley, Northpoint President and CEO, and is based in Alpharetta, Georgia.

“Leveraging Scott’s experience, we look forward to continuing our successful growth by bringing Northpoint’s exceptional service and process efficiency to manufacturer based programs,” said Mr. Radley. “Built by industry veterans, Northpoint is changing the dealer experience by returning a creative, flexible and personal approach to floorplan lending.”

Scott Raymond can be reached at 678-496-9899, or sraymond@northpointcf.com.

About Northpoint Commercial Finance

Northpoint Commercial Finance, with offices in Alpharetta, GA and Burlington, ON, 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 over 20 years, the Northpoint team has been creating solutions that work for their clients.

More information about Northpoint and their offerings is available at www.northpointcf.com.

Northpoint Commercial Finance Hires Bob Eddy as Vice President for Business Development

Burlington, ON – Bob Eddy has joined Northpoint Commercial Finance as the new Vice President of Business Development. He will be based out of the Burlington, Ontario office and reports to Chris Cook, Executive Vice President of Operations for Canada. Mr. Eddy will be responsible for leading the Canadian sales team and developing manufacturer relationships.

“I am delighted to welcome Bob to the Northpoint team”, said Mr. Cook, “Our company has experienced significant growth since launching our Canadian operation. Bob’s addition will help us build momentum as we continue to expand our presence in the market.”

Mr. Eddy has over 30 years of sales and operational leadership experience with a successful track record of building and guiding profitable teams. Prior to joining the Northpoint team, he held executive positions with TCF Inventory Finance and GE Commercial Distribution Finance where he was regularly recognized for his outstanding performance and exceeded growth objectives. Mr. Eddy is passionate about providing superior service and being a part of a successful team, such as Northpoint.

About Northpoint Commercial Finance
Northpoint Commercial Finance, with offices in Burlington, ON and Alpharetta, GA, is a diversified inventory finance company that partners with manufacturers, distributors and dealers to provide flexible financing to their distribution channels.

More information about Northpoint and their offerings is available at www.northpointcf.com.

Industry Veteran Robert E. Wagner joins Northpoint Commercial Finance

Alpharetta, GA – Northpoint Commercial Finance is pleased to announce the appointment of Robert E. Wagner to the position of Senior Vice President, Business Development. Mr. Wagner will be responsible for further growth of the Northpoint core industries as well as accelerating expansion into the technology sector and other revolving credit markets. Additionally, Mr. Wagner will manage the expansion of Northpoint’s Asset-Based Lending business in the middle and lower middle markets nationally.

Northpoint CEO, Dan Radley said, “We are excited to add Robert to the Northpoint team and look forward to leveraging his extensive experience to propel Northpoint’s growth. With all of the uncertainty and potential consolidation in the commercial lending space, the timing is right for Northpoint to pursue new markets in order to add a viable finance alternative for commercial borrowers.”

Mr. Wagner brings over 25 years of financial services experience focused on new business development and business line group leadership. Most recently, he served as Managing Director for Wells Fargo Capital’s supply chain finance business and was responsible for the development of
the company’s Asset-Based Lending business in the technology channel. Prior to that, as Division President at Textron Financials’ Asset-Based Lending division, Robert played a key role in the growth of the middle and lower middle market businesses. Additionally, over the years Robert has held key positions and had great success building business at Conseco Finance, GE Capital and Deutsche Financial Services.

A resident of Portland, Oregon, Mr. Wagner is a graduate of the University of California, Los Angeles and holds a degree in Economics. He is a former member of the Commercial Finance Association (CFA), International Factoring Association (IFA), Turnaround Management Association (TMA) and the Association for Corporate Growth (ACG).

About Northpoint Commercial Finance

Northpoint Commercial Finance, with offices in Alpharetta, GA and Burlington, ON is a diversified inventory finance company that partners with manufacturers, distributors, resellers and dealers to provide flexible financing to their distribution channels. Northpoint combines experience with innovative technologies, fresh ideas, streamlined processes and customer focus.

More information about Northpoint and their offerings is available at www.northpointcf.com.