Wells Fargo CDF extends floorplan deal with OEM

Wells Fargo Commercial Distribution Finance will continue to delivery inventory financing solutions to the manufacturer’s network of powersports and marine dealers. The Wells Fargo CDF dealer financing program extension with Suzuki Motor of America, Inc., showcases a successful 40-year relationship with the manufacturer.

The program will continue to deliver inventory financing solutions to the manufacturer’s network of powersports and marine dealers.

“We are excited to have CDF provide wholesale financing to our Suzuki dealers. Our long term relationship with CDF has been instrumental in providing our Suzuki dealers financing necessary to sell and promote Suzuki power sports and marine products,” said Mark Boyer, credit manager for Suzuki. “This nearly 40-year business relationship will continue the advancement of Suzuki’s business in the power sports and marine business industry.”

“The Wells Fargo CDF team provides best-in-class inventory financing solutions to Suzuki dealers and we are excited to extend this relationship,” said Jeremy Jansen, president of CDF Motorsports. “As they develop and distribute some of the industry’s best products, we are honored that they continue to trust our team.”

Wells Fargo Commercial Distribution Finance (CDF) provided $46 billion in financing for more than 33,000 dealers and more than 1,400 distributors and manufacturers globally in 2016. Wells Fargo CDF provides inventory financing solutions, service and intelligence through in-depth industry expertise and commitment. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, and related financial products. On March 1, 2016, Wells Fargo acquired the North American business of CDF from GE Capital. The sale of the global business was completed as part of a phased approach on October 1, 2016.

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