IN A LETTER E-MAILED to Dealernews today but dated April 23, Sheffield Financial announced that it now underwrites Kawasaki’s installment retail loans.
A Kawasaki dealer confirmed that the former underwriter, HSBC, stopped servicing new loans earlier this month, and Sheffield's program went live April 1. He said HSBC continues to underwrite Kawasaki’s revolving program. [UPDATE: An HSBC rep has informed us that the company continued to underwrite new installment loans through April.]
For more information, dealers can visit www.sheffieldfinancial.com or call 800-438-8892 until 10:30 EST Monday through Friday, and until 8 p.m. EST on Sunday, according to the letter.
Winston-Salem, N.C.-based Sheffield Financial is a division of BB&T Financial FSB, which claims to be the nation’s 11th largest financial holding company. Sheffield has been in the powersports industry for eight years.
Sheffield last made headlines in January when it took over Suzuki’s revolving program, also previously underwritten by HSBC.