FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


TCF Inventory Finance Marks a Decade in Business

April 04, 2018, 07:00 AM
Filed Under: Industry News

TCF Inventory Finance, Inc. (TCFIF), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), marked its 10th year in business. TCFIF was founded April 3, 2008 and has grown from a startup with 10 team members to a mature lending business with more than 200 team members providing inventory finance solutions to manufacturers, distributors and dealers in all 50 states and Canada.

“During the past 10 years, we’ve differentiated ourselves by putting our customers first and by providing best-in-class inventory financing solutions that grow our customers’ businesses,” said Ross Perrelli, president and chief executive officer at TCF Inventory Finance. “We have reached this milestone by working together as a collaborative, customer-centered team and by using innovative data-driven tools, like our Inventory Engine, to meet and exceed the needs of our manufacturer, distributor and dealer customers.”

TCF is a Wayzata, Minnesota-based national bank holding company. As of December 31, 2017, TCF had $23 billion in total assets and 320 branches in Arizona, Colorado, Illinois, Michigan, Minnesota, South Dakota and Wisconsin, providing retail and commercial banking services.  

TCFIF is a Schaumburg, Illinois-based commercial inventory finance company offering inventory financing solutions to manufacturers, distributors and dealers in all 50 states and Canada. Specializing in powersports, lawn and garden, recreational and specialty vehicles, marine products, construction, agriculture and consumer electronics and appliances, TCFIF originated $7.4 billion in inventory financing to nearly 11,000 customers in 2017. 


Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.