DLL will expand its offerings into the recreation and leisure lifestyle market in North America. This will include motorsport, marine, recreational vehicles and manufactured homes.

DLL will provide floor planning lines of credit for eligible/qualified dealers to finance inventory purchases from their manufacturing partners, including new, rental and used inventory credit lines.

“As we continue to expand our Commercial Finance business, it is important that we look at new markets and different approaches,” said Mark McGovern, president of DLL Commercial Finance. “The recreation and leisure lifestyle market has been one of steady growth and we anticipate continued development trends across multiple demographics.”

The recreation product market is complementary to DLL’s current portfolio and existing customer support framework. This extension is part of the financing company’s strategy to adopt new approaches that grow market share in areas that fulfill partner and consumer needs.

The expansion initiative will be led by Carlos Lobo who joins DLL with more than 25 years of experience in the financial services industry as well as deep industry experience within the recreational products segment.