Northpoint Commercial Finance Exceeds $1B in Receivables in 2017

During 2017, Northpoint Commercial Finance was acquired by LBC Capital, a division of Laurentian Bank, and also exceeded $1 billion in receivables.

Northpoint CEO, Dan Radley, said, “The cornerstone of the Northpoint value proposition is customer satisfaction. Our unique approach and solutions that were created with our customers in mind, have led to our growth. The recent acquisition by LBC Capital will only strengthen our ability to drive future growth through innovative programs for the customers we serve.”

Northpoint’s inventory finance offerings drive sales, enhance cash flow and improve profitability for both suppliers and dealers. After five years of growth, Northpoint was acquired by LBC Capital during Q3/17. Laurentian Bank, which has been in business for more than 170 years, came forward to provide stability and financial strength with more than $43 billion in assets.

President of LBC Capital, Eric Provost, said, “Northpoint has a solid track record and unique expertise in originating, managing, and growing this size of a portfolio, but what we are anticipating is even more future growth in 2018 as we work towards a scalable end-to-end equipment finance platform. From these predictions, Northpoint is slated to remain a long-term and commanding force in this marketplace.”

Northpoint Commercial Finance, with offices in Alpharetta, GA, and Burlington, ON, is a diversified inventory finance company that partners with manufacturers, distributors, resellers and dealers to provide flexible financing to their distribution channels.

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