Financial Post Reports TCF Inventory Finance, Inc. and IBBI Enter into Financing Agreement
The Financial Post on July 18th, wrote that TCF Inventory Finance, Inc. (“TCFIF”), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation (“TCF”) (NYSE: TCB), had announced that it has entered into a multi-year agreement with Independent Boat Builders, Inc. (“IBBI”). TCFIF will provide wholesale floorplan financing solutions to the 22 boat manufacturers that are members of IBBI in the United States and Canada.
“We are very excited to begin this relationship with IBBI,” said Ross Perrelli, President and Chief Executive Officer of TCFIF. “I am highly confident that our dedication to our customers and strong commitment to the marine industry make TCFIF the best choice for IBBI and its members.”
The agreement with IBBI is a further demonstration of TCFIF’s continued intent to expand its presence in the marine industry.
“Both TCFIF and IBBI take tremendous pride in what we do, and that is what makes this a great business partnership,” stated Tom Broy, President of IBBI. “Both companies focus on providing top-notch and dependable programs and services that will help the industry continue to grow.”
TCFIF is an inventory finance company offering a full range of inventory financing solutions to manufacturers, distributors and their dealers throughout the United States and Canada in the lawn and garden industry, the powersports industry, the recreation vehicle industry, the marine products industry and the consumer electronics and appliances industry. For more information about TCFIF, please visit www.tcfif.com.
