Kelowna, BC-based Campion Marine Inc., and Vancouver-based Northstar Trade Finance Inc., announced today they have expanded their offering of floorplan financing to Campion Marine.
Campion Marine's General Manager, Brock Elliott, said “we recognized that the number one issue for Marine Industry Dealers in the US at this point in history is the lack of floorplan financing, so we having been working hard to find a solution.”
Northstar provides support to Canadian exporters by offering financing to credit-worthy buyers of eligible Canadian goods and services. Scott Shepherd, of Northstar said “it was a natural fit for us to expand our offering to Campion Marine into the USA, as we have enjoyed a relationship of over 10 years with Campion in financing their export sales into Australia and New Zealand.”
The recent Marine and Dealer Conference and Expo held in Orlando, Florida, in conjunction with the Top 100 Dealer Awards, identified floorplan loans as a top concern among North American boat dealers. Northstar floorplan financing is offered in addition to existing credit facilities dealers may have. “We hope this move by Northstar will help improve the market and boost Campion's sales to the US” Elliott said.