Wells Fargo Commercial Distribution Finance (CDF), part of Wells Fargo & Company (NYSE: WFC) announced it has extended its inventory financing program through 2020 with motorcycle manufacturer, KTM. The extension will be used to support dealership floor plan financing of motocross bikes as well as off-road and street motorcycles.
Headquartered in Mattighofen, Austria, KTM serves over 50 countries across the globe. CDF will be supporting dealerships across KTM’s North American network. Models supported include the MX, Enduro, Freeride, Travel, Naked and Supersport series.
“CDF’s leading technology and analytics solutions coupled with their deep expertise in our industry are what continue to make them a valuable relationship for us,” said Jon Erik Burleson, president of KTM North America Inc.
“KTM has proven to be a leader in the motorsports industry and we are pleased to have consistently supported their growth efforts over the last 15 years,” said Jeremy Jansen, president of CDF’s motorsports group. “We look forward to continuing to provide KTM dealers with customized financial solutions that meet their unique needs.”