Campion Marine reaches floorplan financing deal

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Northstar Trade Finance Inc., a Canadian-based export lender, is expanding its offering of floorplan financing to Canadian-based Campion Marine.

"We recognize that the number one issue for marine industry dealers in the U.S.A., at this point in history, is the lack of floorplan financing, so we have been working hard to find a solution," general manager Brock Elliott said in a statement.

"We hope this move by Northstar will help improve the market and boost Campion's sales to the U.S.," he added.

Northstar floorplan financing is in addition to existing credit facilities dealers may have, and interest rates are competitive and available to the buyer in their own currency, the company added.

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