Marine floorplan financer seeks to expand

January 2012 News

TCF Inventory Finance Inc., a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corp., announced plans to further expand its floorplan finance offerings into the marine industry within the United States and Canada.

TCF Inventory Finance's current reach into the marine industry extends to Alumacraft Boat Co., BRP's Sea-Doo products and BRP's Evinrude & Johnson marine power products.

Moving forward, TCF Inventory Finance's initial focus will be on developing relationships with marine manufacturers and dealers that produce and promote family-centric products such as fishing boats, pontoons, runabouts, ski boats and small cruisers.

"TCFIF provides a superior and much-needed financing source to the marine industry," president and CEO Ross Perrelli said in a statement. "Our objective is to work hand in hand with our customers to ensure the growth of their businesses. With our industry knowledge, top-notch customer service and innovative products, TCFIF is the best choice for floorplan financing for marine manufacturers and dealers."

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