Wells Fargo Commercial Distribution Finance (CDF) has extended its inventory financing program through 2020 with motorcycle manufacturer, KTM. The extension will be used to support dealership floorplan financing of motocross bikes as well as off-road and street motorcycles. Headquartered in Mattighofen, Austria, KTM serves over 50 countries across the globe. CDF will be supporting dealerships across KTM’s North American network. Models supported include the MX, Enduro, Freeride, Travel, Naked and Supersport series.
“CDF’s leading technology and analytics solutions coupled with their deep expertise in our industry are what continue to make them a valuable relationship for us,” said Jon Erik Burleson, President of KTM North America Inc.
“KTM has proven to be a leader in the motorsports industry and we are pleased to have consistently supported their growth efforts over the last 15 years,” said Jeremy Jansen, president of CDF’s motorsports group. “We look forward to continuing to provide KTM dealers with customized financial solutions that meet their unique needs.”
Commercial Distribution Finance (CDF) provided $47 billion in financing for more than 50,000 dealers and more than 4,000 distributors and manufacturers globally in 2015. CDF provides inventory financing solutions, service and intelligence through in-depth industry expertise and commitment. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, and related financial products. On March 1, 2016, Wells Fargo acquired the North American business of CDF from GE Capital. The sale will be completed as a phased approach with the remainder of the business closing globally in 2016.
KTM is a European motorcycle manufacturer specializing in READY TO RACE on and off road motorcycles. Proven successes in worldwide competition are embodied into the design and function of each KTM. With more than 250 World Championships and counting, the technology, design and performance of KTM continues to race past the competition.