Wells Fargo Commercial Distribution Finance signed a dealer financing program with Columbia ParCar, an electric vehicle manufacturer. The financing will be used to promote and grow CPC’s distribution network by providing dealers with credit lines to purchase and stock CPC products.
Based in Reedsburg, WI, Columbia ParCar carries an expansive electric vehicle line-up. Vehicles are manufactured for private, commercial and industrial applications and are sold in the U.S. through the company’s dealer network, which spans 15 states. Columbia ParCar is part of the Nordic Group of Companies, a family-owned management and manufacturing business headquartered in Baraboo, WI with operations extending throughout the U.S., Mexico and Europe.
“The expertise and resources that Wells Fargo CDF brings to the dealer financing table is unparalleled,” said Mike Tomberlin, executive vice president of Columbia ParCar. “We are excited to begin this program as we seek to further build the global brand of Columbia ParCar.”
“Columbia ParCar is at the forefront of innovation in the electric vehicle industry,” said Jeremy Jansen, commercial leader for Motorsports at Wells Fargo CDF. “As more businesses and individuals turn to electric vehicles for work, leisure or mobility, we look forward to bolstering their ability to reach dealers and customers across the world.”