Nautic Global Group agrees to floorplan dealPosted on
GE Capital’s Commercial Distribution Finance business announced that it will be the strategic floorplan finance provider to Nautic Global Group.
The jointly developed program is available immediately to all Rinker, Hurricane, Godfrey Pontoon and Polar Kraft dealers in the United States, according to a statement.
The program will provide Nautic dealers with specialized, vendor-subsidized financing programs and terms. Dealers also will have access to COMS, GE Capital CDF’s proprietary online inventory finance management tool, and Analytics Online, which provides information and insights about inventory.
“It is important for our dealer network to have access to inventory and to have a financing source that understands our distribution network,” Michael Kitson, chief executive officer of Elkhart, Ind.-based Nautic, said in a statement. “GE Capital has the right industry expertise, and the ability and willingness to offer flexible programs so our dealer network can reach their business goals.”
“This strategic program provides dealers with the ability to efficiently manage their cash flow as they acquire and stock the inventory they need to realize sales of the [Nautic Global Group] brands they represent,” Bruce Van Wagoner, president of GE Capital Commercial Distribution Finance’s marine group, said in the statement. “NGG products are turning quickly at retail, and GE Capital is excited to align with NGG to offer its dealers more favorable programs.”
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