ENGS Commercial Finance Co. (‘ENGS’), an industry leading commercial finance company, is pleased to announce that its Working Capital subsidiary, ENGS Commercial Capital (“ECC”), is offering Floor Plan Financing to qualified dealers and equipment manufacturers.
“ENGS is committed to helping our OEM and vendor partners grow their businesses. 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,” commented Jim Freund, EVP and CMO of ENGS.
Manufacturers can expect increased sales and create cash flow by receiving immediate payment for commercial equipment. Additionally, offering a Floor Plan Financing option to a manufacturer’s dealer network can drive brand loyalty and increase market share.
According to Tania Daniel, Managing Director of ECC, “We believe the Floor Plan market is currently underserved. The ECC Floor Plan Finance option will allow us to better service the current ENGS network, as well as other manufacturers and dealers nationwide.”
In addition to Floor Plan Finance, ENGS’ industry-specific solutions such as equipment financing, receivable financing, parts and service financing, insurance, and more, provides dealers with solutions from a partner they can trust.
ABOUT ENGS COMMERCIAL CAPITAL, LLC.: ECC, a subsidiary of ENGS, a Mitsubishi UFJ Lease & Finance company, specializes in helping businesses with their cash flow needs through Working Capital solutions. ECC provides Factoring, Asset Based Lines of Credit, Supply Chain Financing, and Floor Plan Financing.
ABOUT ENGS COMMERCIAL FINANCE CO.: ENGS, a Mitsubishi UFJ Lease & Finance company, is one of the largest and most respected finance companies in in the world, providing best-in-class Lease and Loan solutions and is a leading lender to the Transportation, Construction, and Industrial Equipment segments, as well as a leading provider of Working Capital and Insurance products. With its cutting-edge technologies and industry leading digital strategy, ENGS puts the power of a virtual finance company in the
hands of our vendors to enable them to control the structuring of a transaction to sell more equipment, more efficiently, in less time while promoting repeat business.