Wednesday, Nov. 14, 2007, 07:00 PM UPDATED 11:59 AMBy Nick Zulovich
SYRACUSE, N.Y. — XpressCredit recently announced that non-prime lender Merrick Bank has joined its platform to help motorcycle dealers offer indirect loans to their customers.
Merrick Bank is a national non-prime leader in providing boat and RV loans, as well as motorcycle financing in the cruiser and touring bike segment of the industry, executives indicated.
The bank's program can help ensure that qualified customers with credit challenges don't miss out on motorcycle, boat or RV purchases, and that dealers don't lose sales. Merrick accepts credit applications or considers purchasing loan contracts from approved dealerships and finance companies.
"We offer an expansive list of lending options for our valued customers, including our power sport dealers. More choices, along with the quality and experience of our lender partners such as Merrick Bank, give dealers the options they need to increase sales and improve services for a healthier bottom line," explained Paul Gignilliat, founder and chief executive officer of Xpress Credit.
Scott Anderson, vice president of marketing for Merrick Bank's recreation lending program, added, "Merrick Bank offers credit-worthy customers with some past credit problems the opportunity to finance their cruiser or touring motorcycle. These customers are often overlooked for financing due to their past credit history.
"XpressCredit will be able to connect the motorcycle dealers to Merrick Bank and these dealerships will be able to close more sales than they were previously able to. XpressCredit will help streamline the process for everyone involved," he concluded.
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