Northpoint Commercial Finance announced August 11 that it will expand its market focus to include exclusive, captive and private-label inventory finance programs. Driven by strong receivable growth and market demand for a flexible, high-touch lender, Northpoint will add programs designed together with the OEM to meet specific product placement needs in a variety of industries.
Leading this initiative is Scott Raymond, who has been retained to assist Northpoint’s business development team, bringing 28 years of floorplan expertise developing and managing captive and private-label programs for market-leading manufacturers. With a background in P&L management, strategic planning, and team leadership, he is a results-driven senior executive with an impressive track record of success. Raymond will work with Dan Radley, Northpoint president and CEO.
“Leveraging Scott’s experience, we look forward to continuing our successful growth by bringing Northpoint’s exceptional service and process efficiency to manufacturer-based programs,” said Radley. “Built by industry veterans, Northpoint is changing the dealer experience by returning a creative, flexible and personal approach to floorplan lending.”
Northpoint Commercial Finance, with offices in Alpharetta, Ga., and Burlington, Ontario, is a diversified inventory finance company that partners with manufacturers, distributors and dealers to provide flexible financing to their distribution channels. For more information about Northpoint and its offerings, visit www.northpointcf.com.