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New Finance Company Enters Powersports Market

Northpoint Commercial Finance LLC has announced it is entering into the powersports, marine and outdoor power equipment industries to provide the necessary floor plan capital to dealers.

Northpoint Commercial Finance LLC has announced it is entering into the powersports, marine and outdoor power equipment industries to provide the necessary floor plan capital to dealers.

Northpoint’s management said in a recent report that it can act more like an independent company in these industries but with the financial strength from its equity sponsors, which includes bank debt partner, Goldman Sachs Bank USA.

The company notes that it has partnered with other companies that can provide services that assist and improve the distribution cycle. This includes insurance and extended warranty programs, as well as logistics, including shipping, inventory trading, virtual warehousing and enterprise business software for manufacturers.

Northpoint is currently taking applications from dealers and manufacturers to provide financing with the knowledge its management team has gained in the powersports and marine industries.

For more information about Northpoint Commercial Finance, visit www.northpointcf.com.

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