TCF Inventory Finance to Provide Floor Plan Financing for Speed UTV
Financing of TCF stocks was named the exclusive floor plan finance provider for the powersports company UTV speed, which is owned by Robby Gordon, a former NASCAR and IndyCar racer, and Todd Romano, founder of DragonFire Racing.
Together, Gordon and Romano have over 40 years of racing, engineering and business experience. They have helped powersports original equipment manufacturers (OEMs) in product development and new vehicles, and have now decided to bring their own off-road vehicles, accessories and designs to the market.
“TCF believed in our unique business model, our vehicles, our dealers, our company and its financial outlook. Floor plan finance companies need to have a thorough understanding of our business and that of our dealers to see the value of financing our products, ”said Romano. “TCF reviews many new business opportunities every year, and this year they chose Speed UTV as one of the companies to support through dealer financing. Our management team and our dealer network are delighted with this new relationship. “
“TCF is delighted to be Speed UTV’s exclusive floor plan finance provider,” said Jay Deverell, CEO of TCF Inventory Finance. “Mr. Gordon and Mr. Romano are experienced and skilled leaders in the powersports industry, which will certainly be invaluable to the success of Speed UTV. We thank them for choosing us to play a role in the short and long term growth of their business.
TCF Inventory Finance provides floor plan financing solutions developed for manufacturers and resellers who sell equipment to commercial and consumer customers located in the United States and Canada.