Middlebury, Ind.-based Jayco Inc. recently entered into an agreement with TCF Inventory Finance Inc. (TCFIF) making TCFIF the preferred inventory finance source for dealers of Jayco’s three recreation vehicles divisions.
Derald Bontrager, Jayco’s president and COO, said that TCFIF will provide Jayco, Starcraft and Entegra Coach dealers with floorplan financing at competitive rates with innovative inventory management tools.
“Over the past few years, it has become increasingly apparent that reliable, effective wholesale financing is critical to the success of both Jayco and its dealers,” he said. “We’re pleased to partner with an organization like TCFIF that will provide aggressive, practical financial services solutions to our dealers,” he said.
Jayco’s agreement marks TCFIF’s entry into the recreation vehicle industry in the U.S. and Canada.
“The launch of this aggressive new program with Jayco clearly supports our entrance into the RV business,” said Ross Perrelli, president and chief executive officer of TCFIF. “We are truly excited about partnering with Jayco and believe the relationship is an excellent fit for Jayco, its dealers and TCFIF.”
TCFIF, headquartered in Schaumburg, Ill., is a subsidiary of Wayzata, MN based TCF National Bank, and offers a full range of inventory financing programs to manufacturers and their dealers throughout the United States and Canada. TCFIF is extensively involved in the lawn and garden industry, the power sports industry, and the consumer electronics and household appliance industry.