Tag Archives: Wells Fargo Commercial Ditribution Finance

Wells Fargo Commercial Distribution Finance, part of Wells Fargo & Company (NYSE: WFC), announced it has entered into a strategic agreement with Chaparral and Robalo Boats, effective the 2018 model year. Under the program, CDF will deliver inventory financing solutions to the manufacturer’s network of marine dealers in North America. The program will provide qualified dealers with exclusive vendor supported financing terms ...

As the economy and the marine industry have improved over the past few years, the floorplan financing market has followed suit. Banks are lending more as dealers are looking to stock more boats to meet consumer demand, which is causing dealers to experience high turn rates.  “Growth in the marine industry has been great the past few years and inventory ...