Northpoint Commercial Finance announced it partnered with Elite Recreational Finance to expand its marine-sector position with a retail finance program.
“The partnership with Elite Recreational Finance is a perfect fit for us … as their technology and services for manufacturers and dealers will continue to expand our boutique of innovative inventory solutions in marine,” Russell Baqir, senior vice president of business development at Northpoint, said in a statement.
Northpoint has developed such dealer programs as boat-club financing and used-boat floorplans. Northpoint said the partnership with Elite will strengthen its offerings and aid in providing financing opportunities to the marine industry.
“We are excited about the partnership and look forward to working with Northpoint to help grow their marine sector,” Jimmy Delegro, Elite Recreational Finance president, said in the statement. “Our retail experience and industry knowledge, combined with their top-notch customer service and flexible marine inventory financing programs, fulfill a great market need.”
