ENGS Commercial Finance’s working capital subsidiary, ENGS Commercial Capital (ECC), is now offering floor plan financing to qualified dealers and equipment manufacturers.
“ENGS is committed to helping our OEM and vendor partners grow their businesses,” Jim Freund, EVP and CMO of ENGS, said. “ENGS is already an industry leader in providing retail finance options to the transportation, industrial and construction space. Now with our floor plan financing offering, ENGS offers a full suite of products to help our OEM and vendors better manage their inventory and retail sales. Our new floor plan offering provides an easy option for dealers to acquire additional inventory and that product works closely with our customer finance retail programs to create a better customer experience.”
According to ENGS, manufacturers can expect increased sales and create cash flow by receiving immediate payment for commercial equipment using floor plan financing. Additionally, the company noted that offering a floor plan financing option to a manufacturer’s dealer network can drive brand loyalty and increase market share.
“We believe the floor plan market is currently underserved,” Tania Daniel, managing director of ECC, said. “The ECC floor plan finance option will allow us to better service the current ENGS network, as well as other manufacturers and dealers nationwide.”
