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Tag Archives: Wells Fargo Commercial Distribution Finance

Q&A with Bruce Van Wagoner of Wells Fargo

By David Gee Bruce Van Wagoner is President of the marine group for Wells Fargo CDF, and I recently had the chance to speak with him about the state of the recreational boating industry from his perspective. David: About half of the dealers we surveyed for the Boating Industry Market Data Book experienced an increase in revenue and profits YoY ...

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Brunswick, Wells Fargo CDF enter into agreement for Canadian floorplan financing

Leveraging its successful and longstanding relationship with Wells Fargo Commercial Distribution Finance, Brunswick Corp. recently announced that it has entered into an agreement, naming CDF as the preferred provider of floorplan financing for all Brunswick boats and Mercury Marine engines sold to marine dealers in Canada under the private brand, Brunswick Commercial Finance, effective Dec. 1, 2018. Under the new ...

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Wells Fargo CDF increases credit capacity for OneWater Marine

Wells Fargo Commercial Distribution Finance, part of Wells Fargo & Company announced that it has expanded the financing facility for OneWater Marine Holdings, LLC to provide for borrowings of up to $200 million.  This facility, along with supporting OneWater’s organic growth, helped to facilitate the recently announced acquisition of South Shore Marine in Huron, Ohio. Borrowings under the facility are ...

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Wells Fargo CDF extends strategic financing program to IBBI

Wells Fargo Commercial Distribution Finance, part of Wells Fargo & Company, has extended its strategic floorplan financing agreement with the Independent Boat Builders, Inc., a boat manufacturer buying group in the U.S. and Canada. The program covers 19 member manufacturers that sell 36 brands. Based in West Frankfort, Ill., IBBI is the largest cooperative buying group in the U.S. and ...

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