Post Tagged with: "GE Capital"

Northpoint Finalizes Floorplan Financing With ARGO

Northpoint Finalizes Floorplan Financing With ARGO

by September 16, 2016 at 10:59 am

Northpoint Commercial Finance has signed on to be the exclusive provider of floorplan financing for ARGO’s — an amphibious ATV and off-road vehicle manufacturer — dealers across the U.S. and Canada, according to a company press release. “Northpoint is looking forward to assisting ARGO, a company built on high standards,Read More

Wells Fargo CDF Completes Asia Pacific Acquisition

Wells Fargo CDF Completes Asia Pacific Acquisition

by August 1, 2016 at 11:21 am

Wells Fargo & Co. continues to click up a gear as it moves toward completing the international acquisition of GE Capital’s Commercial Distribution Finance business this year, which will complement the CDF North American business acquired in March. Wells Fargo completed its Asia Pacific acquisition today with the purchase of the AustralianRead More

CDF Boosts Investment in Field Reps

CDF Boosts Investment in Field Reps

by July 27, 2016 at 11:00 am

Wells Fargo Commercial Distribution Finance is allocating more of its resources towards getting representatives into the field to meet with its dealer and OEM partners, said Jeremy Jansen, CDF’s president of the motorsports group. CDF has added “a handful” of new commercial and sales representatives to deliver on its primary initiative —Read More

GE Capital Veteran to Lead Wells Fargo Commercial Unit in Canada

GE Capital Veteran to Lead Wells Fargo Commercial Unit in Canada

by July 12, 2016 at 10:30 am

Wells Fargo & Co. named GE Capital veteran Tim Nixon as leader of its Commercial Distribution Finance Canada division — effective May 18 — following the acquisition of GE Capital’s businesses earlier this year. Nixon will manage a 180-member team at CDF, which provides floorplan financing to more than 4,000Read More

Wells Fargo Acquires CDF Asia Business

Wells Fargo Acquires CDF Asia Business

by July 1, 2016 at 12:35 pm

Wells Fargo & Co. completed the purchase of the Asia segment of GE Capital’s Commercial Distribution Finance (CDF) business today, which includes the addition of 46 team members in markets where Wells Fargo currently operates in Asia Pacific, according to a company press release. The Australia and New Zealand segment is expected to closeRead More

Powersports Lender Turnover Spurs Concern

Powersports Lender Turnover Spurs Concern

by April 27, 2016 at 10:30 am

Capital One Financial Corp.’s gradual exit from the market and Wells Fargo & Co.’s recent acquisition of GE Capital’s Commercial Distribution Finance (CDF), has stirred up some concern among many industry leaders, despite the continued growth of the powersports industry. The Wells Fargo CDF acquisition is “too new to seeRead More

CDF Aims for Expansion After Wells Fargo Acquisition

CDF Aims for Expansion After Wells Fargo Acquisition

by April 20, 2016 at 10:30 am

Commercial Distribution Finance (CDF) has turned the key and twisted the throttle in powersports after its merge with Wells Fargo & Co., and the floorplan financer now aims for continued expansion into the industry, according to Jeremy Jansen, president of the motorsports group at CDF. “There are other OEMs and other programsRead More

Photo by Schedl R. / KTM

Wells Extends KTM Floorplan Partnership

by March 29, 2016 at 10:30 am

Wells Fargo Commercial Distribution Finance (CDF) has extended its inventory financing program with motorcycle manufacturer KTM through 2020, the companies announced today. CDF will support dealership floorplan financing for off-road, street, and motocross motorcycles across Mattighofen, Austria-based KTM’s network of North American dealers, according to a company press release. Supported models include the Enduro,Read More