AT
Northpoint Commercial Finance, valuable services and
processes are created specifically for the various goals of
each business and industry that they serve. They take the time to
form genuine partnerships with their customers so that they can
help their businesses grow and give them the means to be successful.
As an accomplished lender for the trailer segment, Northpoint
continues to provide the support to their clients that many other
lenders cannot.
Northpoint’s offerings have endless benefits for dealers and suppliers
in the trailer industry. As Northpoint creates flexibility with payment
terms explicit to the dealer’s needs, they have increased purchasing
power, 100% advance on inventory investments and ultimately
increased profitability. Suppliers also receive flexible finance options
and the ability to provide competitive terms. This, in turn, increases
purchasing capacity, therefore, driving sales and creating channel
capital specifically for the supplier.
After five years of extraordinary growth, 2017 proved to be a
monumental year for Northpoint. Their continued success led
to surpassing one billion dollars in receivables and being acquired
by LBC Capital during Q3 of 2017. Just as the partnership was
presumed to strengthen Northpoint’s place in the industry, the
acquisition was recognized as an anticipated move as the business
evolved. Laurentian Bank, which has been in business for over 170
years, came forward to provide this added stability with over $43
billion in assets, a solid cultural alignment and variety of financing
solutions.
Northpoint’s Senior Vice President of Business Development,
Darren McCarthy, explains, “Northpoint’s leadership decided that
after sustaining an impressive customer base
throughout North America, it was time to take
the next step with the purpose of growing
Northpoint’s services and continuing to add
notable value to the active trailer industry. It is
our priority to dedicate considerable support in
time, resources, and training to guarantee we continue to build these
relationships.”
As a diversified financial solutions provider specializing in inventory
or floorplan financing, Northpoint’s programs enable dealers to
sustain a sufficient level of inventory to ensure sales aren’t lost. Their
plans are unlike any other in the industry, by offering innovative
products and state-of-art-technology, with a focus on the needs of
the customer, boosting sales, intensifying cash flow and increasing
profitability for both the manufacturer and dealers.
Northpoint’s Pay-As-Sold inventory finance programs are formulated
to facilitate success for the trailer market. For example, Northpoint
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provides quick turnaround on credit applications, expedient answers
to special requests and a robust online account management system.
In addition, many of their custom programs offer modified interest-
free financing options and early pay rebates and customers never
find inflexible clauses and highly-regulated stipulations, only creative
terms and personalized service. No matter what type of trailer is
manufactured or sold, their programs are designed to help owners
grow their businesses.
The team at Northpoint understands that their actions make an
impact on the entire industry and, as an innovative leader and a
respected contributor to the trailer market, they are diligent about
growing their connections and participating in the North American
Trailer Dealers Association (NATDA) Trade Show
& Convention.
Northpoint works with dealers and manufacturers
in not only the trailer industry, but also for
recreational vehicles, trailers, manufactured
housing, outdoor power equipment, power sports, agriculture,
construction equipment and other segments.
For over 20 years, the Northpoint team has been creating custom
solutions for their clients. The realization that every business they
work with is unique establishes an opportunity for Northpoint to
offer specialized solutions. It is about flexibility and respect, including
valuing their client’s time and money. By collaborating with dealers
and manufacturers, they can tailor plans for their customers in an
informative and convenient manner, always placing value on their
client’s time. For more information about Northpoint Commercial
Finance, please visit www.northpointcf.com or call 866-781-
2420.
NATDA Magazine www.natda.org