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September 3, 2010
Arctic Cat Announces Financing Agreement For Canadian Dealers With TCF Commercial Finance Canada
Minneapolis - Arctic Cat recently announced that the company entered into an agreement with TCF Commercial Finance Canada, Inc., in which TCF becomes the exclusive provider of inventory floorplan financing for Arctic Cat's Canadian dealers, effective immediately.
The new multi-year financing program replaces Arctic Cat's current financing agreement in Canada with Textron Financial Corporation, which is exiting the dealer floorplan business.
"TCF Commercial Finance Canada shares our commitment to the powersports industry and to meeting the inventory financing needs of our ATV and snowmobile dealers in Canada," Christopher Twomey, Arctic Cat's chairman and chief executive officer, said. "We are pleased to announce our new exclusive arrangement."
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