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


Freedom Boat Club Selects Northpoint CF for New Franchise Financing Program

September 25, 2017, 08:00 AM
Filed Under: Lender Finance

Freedom Boat Club, the world’s largest and oldest members-only boat club, has selected Northpoint Commercial Finance as its provider for a new, specially designed install and pay finance program for its franchise network.

As a franchise club organization vs. a traditional boat retailer, Freedom Boat Club (FBC) was in need of a progressive inventory finance provider. Through creative collaboration and joint commitment to providing a flexible service for franchisees, Freedom Boat Club and Northpoint worked together to successfully develop a customized solution which was recently launched to the franchise network.

With more than 1600+ boats in its fleet, a standard three-year product rotation, coupled with an aggressive expansion strategy, Freedom Boat Club recognized the need for enhanced franchise financing and inventory support.

“We were extremely pleased by Northpoint’s interest and willingness to not only listen to our needs, but to partner with us in developing a very powerful new and very attractive program for our franchisees,” said FBC President and CEO John Giglio. “We are impressed by their high level of customer service and support, as well as their innovative approach to business development. It’s a winning opportunity for everyone – Northpoint, Freedom Boat Club, and both our existing and future franchisees throughout North America.”

Bob Bejesky, Market Development Manager for Northpoint, agrees.

“This partnership is ideal because at Northpoint, we strive to foster growth in the industries we serve. This includes boating and untraditional sellers. Freedom Boat Club is enjoying a very high growth trajectory and we are pleased to contribute to its ongoing success. In addition, Northpoint appreciates Freedom Boat Club’s philosophy and practice of focusing on its franchise customers, as that customer-centric focus and service coincides with our own culture,” he said.

Week's News

Comments From Our Members

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