Tennessee financing company introduces new line of credit program

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National Collateral Funding Group today announced it has developed a new line of credit program for powersports manufacturers, and franchised and independent dealers.

The "Financing Solutions for the Powersports Industry" program from Bartlett, Tenn.-based NCFG offers wholesale financing stipulated on four factors:

  • Dealer assets pledged to collateralize floor plans and payments (5 percent plus interest) are made monthly to reduce outstanding amounts and retailer liability, according to NCFG.
  • A GPS/RFID system is installed on all units to secure location and eliminate floorplan checks. This also eliminates the cost for personnel to travel for onsite inventory checks, according to the company.
  • ACH payments are made monthly.
  • Monthly sales reports are generated for all dealers so they can track sales and maintain “true floorplan” levels.

For more information, contact Jim Anderson at www.nc-fg.com