American IronHorse and Textron Financial Corporation recently completed three moves designed to offer the 11-year-old bike builder and its 100-plus dealers more potential for growth.
In the first move, AIH expanded its line of credit with Textron Financial from $12 million to $15 million, allowing the company a stronger mechanism for internal capital and operations growth.
Then, to assist dealers, AIH increased its current wholesale floorplan agreement with Textron Financial to $50 million and expanded the program to support a new Canadian dealer network.
“What we hope has become evident to the industry, our consumers and to our dealer network is that American IronHorse is becoming a stronger company with an increasing commitment to serve our customers' needs at all levels,” said Dwayne Moyers, Chairman of American IronHorse. “We will continue to be strategic about our growth and we will continue to develop our partnership with Textron Financial as our business needs expand.”
Copyright 2006 Powersports Business