WELLS FARGO COMMERCIAL DISTRIBUTION FINANCE TM MARKS 50 YEARS OF INVENTORY FINANCE IN CANADA

Wells Fargo

Apr 22, 2019

Canada’s leading floor planning provider celebrates five decades of growth, financing more than 3,800 customers.
 
Wells Fargo Commercial Distribution Finance TM (CDF) announced on April 16th, its 50th anniversary of providing inventory financing in Canada. Based in Mississauga, CDF employs more than 200 people and serves more than 3,800 businesses in all 10 provinces and three territories.
 
Founded in 1969, CDF provides customized financing solutions to fund the flow of finished durable goods from manufacturers to dealers. As the global leader in inventory financing, CDF operates top-of-the-line technologies and industry expertise to support its customers to help cash flow, reduce risk and grow sales.
 
“We are proud of our history in Canada, the team we have built and our long-standing customer relationships that span decades,” said Tim Nixon, head of CDF in Canada. “Even as we pause to reflect on the past five decades, we are excited to embark on another 50 years of service, continue to give back to our communities and organizations and help our customers succeed financially.”
 
Today, CDF is one of the leading inventory finance providers in Canada with customers spanning from local family-owned businesses to large national companies in key industries, including recreational vehicle, marine, powersports, agriculture, lawn and garden, and electronics and appliances.
 
“When we decided to expand our RV business in 1977, it was clear CDF was who we needed to work with, and 42 years later, CDF is still the one you turn to,” said Jonathan Stone, operations manager for Stone’s RV & Home Center, a family-run business based in Nova Scotia. “The team is professional, extremely accessible and faces our business challenges head on. I would definitely recommend CDF, they are like family.”
 
“CDF has been our finance supply provider for more than 45 years because they understand what it means to work as a team,” said Becky Gilmore, general manager of Hully Gully, an Ontario-based powersports business. “Whenever our business goes through changes, our CDF representatives are always willing to adjust and provide the support necessary for us to be successful. CDF cares about its customers, and that’s something we really appreciate.”
 
Giving back and supporting local communities is a priority for Wells Fargo and an imperative for CDF. For more than a decade, Canadian team members have supported Peel Children’s Aid Foundation, a nonprofit aimed at transforming the lives of youth and caring for a new generation of vulnerable families.
 
“We are so grateful for the support and ongoing commitment from Wells Fargo for many of our projects,” said Renae Addis, executive director of Peel Children’s Aid Foundation. “We have already seen a tremendous impact from investing in programs that foster growth and future success. The children and youth we work with deserve the same opportunities as their peers, and Wells Fargo shares our commitment to championing their needs. We look forward to working with Wells Fargo for many years.”
 
For more information on CDF’s 50th anniversary in Canada, please visit https://wellsfargo.ca/.

Related Posts





Vote for Dorothy, BC’s Iconic Sailing Yacht, in the Classic Boat Awards 2024

CMRA

You are invited to support an historic, recently restored and refitted BC sailboat, Dorothy, by voting for her in a contest, the Classic Boat Awards 2024, run by the UK’s prestigious Classic Boat Magazine. The Maritime Museum of BC (MMBC), owner of this sleek, wooden vessel built in 1897, believes she’s the oldest sailboat in Canada. As she isn’t the only classic yacht in the running, you’re urged to go online and vote for her in the category of Restored Sailing Vessel under 40ft.

Read More




Need to Catch up on News This Week?

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you’re looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here.



Even more BALIs at BALI

CATANA GROUP launches its 14th BALI CATAMARANS model, the BALI 5.8, for the brand’s 10th anniversary! Always bigger, always more powerful, always more… BALI!

This time, the new BALI 5.8 is completing the range from the top down.

Read More


Water heater offers dynamic heat source choices

Hubbell-Marine Stainless steel outlet covers
Hubbell-Marine Stainless steel outlet covers

After a long day on the water, having ample supplies of hot water for multiple showers and meal preparation is a welcome luxury. The 1700 Series Marine Water Heater from Raritan Engineering was created specifically for marine use. With a proven long-life design, it’s available with a 115V AC or 240V AC heating element, and the option to include an innovative heat exchanger that uses the vessel’s hot engine coolant.

Read More