Visionary Motorsports secures GE Capital CDF for floorplanning
December 10, 2013
Filed under News
Visionary Motorsports LTD., Canada's largest independent powersports distributor, is pleased to announce GE Capital's Commercial Distribution Finance (CDF) as its preferred inventory financing provider.
GE Capital 's Commercial Distribution Finance (CDF) has a long standing position of providing financing options for manufacturers, distributors and dealers in the motorsports industry. Visionary Motorsports LTD. began working with CDF in 2008 and has now chosen to expand its relationship with the financial services giant in order to support the distributor's growing Canadian operations.
“Because of our long-standing position in the Canadian motorsports market, " said Howard Shiebler, president and CEO of CDF in Canada, "we're prepared to help Visionary and its dealers analyze their inventory management processes. We'll also provide them with comprehensive market intelligence and digital account management tools that they can leverage to succeed.”
Established in 2005 by a group of powersports enthusiasts, the Edmonton based Visionary Motorsports LTD. has matured into a rapidly expanding distributor with 190 dealers across Canada. Today the company boasts a roster of multiple brands including: Hisun ATVs and UTVs, Kipor power equipment, Cleveland Cyclewerks motorcycles, Pitster Pro pit bikes, and Linhai ATVs and UTVs.
"Visionary Motorsports LTD. has ambitious plans which are fueled by the explosive growth experienced in the last three years" says Neil Vanderkooi Director of Business Development at Visionary Motorsports LTD. "Our goal now is to support this growth by better servicing our rapidly expanding dealer network. With CDF as the preferred inventory financing provider for Visionary Motorsports LTD. the process of moving product from the manufacturer's assembly line to our dealer's floor is now simplified; assisting in the development of our brands in the Canadian market."