Canada's CF Moto distributor gets floorplan financing

Publish Date: 
Jan 9, 2014

MISSISSAUGA, Ont. - GE Capital's Commercial Distribution Finance (CDF) unit will provide inventory financing to Canada Motor Import Inc. (CMI), the country's exclusive importer of CFMOTO products.

Based in St-Benoit-Labre, QC, CMI has been importing CFMOTO products since 2007. It sells them through its network of 130 dealerships across Canada.

CFMOTO said it plans to introduce two 650cc motorcycle models next year, followed by a marine product in 2015.

"We're pleased that recognition of our products has increased quite a bit over the past several years," said Hélène Binet, vice president of finance. "We're growing rapidly due to our new product introductions. That's why we believe this is a good time to expand our dealer base."

Posted by Holly Wagner