Retail Observer

RETAILOBSERVER.COM APRIL 2016 58 NATIONWIDE MARKETING GROUP ENDORSES NORTHPOINT COMMERCIAL FINANCE Nationwide Marketing Group, North America's largest buying and marketing organization with over $15 billion in sales, has added Northpoint Commercial Finance as an endorsed lender for their network of over 3,500 members. Nationwide works beside thousands of appliance, furniture, electronics, specialty electronics, custom installation and rent- to-own dealers to help them grow their businesses through purchasing power, marketing and finance programs. Northpoint, a diversified inventory finance company, provides dealers flexible inventory lending and floor plan financing solutions to manage inventory more efficiently. They will provide Nationwide's dealers with favorable members-only terms for inventory purchases. "We're pleased to bring our members more financing options with Northpoint," said David Bilas, president and COO of Nationwide. "We respect Northpoint's expertise and know their professionals will bring our members creative solutions shaped by industry knowledge. We expect this to be a long and successful partnership." Northpoint's executives offer a world-class management team with more than two decades of experience in the industry. "The industry is evolving quickly," said John Durnien, SVP at Northpoint. "As consumer demand and buying patterns evolve along with product quality improvement and new features, turnover increases exponentially. Dealers will need to purchase more inventory to stay ahead of consumer demand, and they'll need creative ways to enhance product turns profitably and quickly. We're looking forward to helping them with our finance solutions." Northpoint is focused on working exclusively with Nationwide as their buying group partner for this industry. As a non-regulated lender, Northpoint offers flexible programs not found in today's highly regulated banking environment, and can offer a more nimble response. Nationwide's members will benefit from a faster turnaround and responsive, high-touch service. Northpoint Commercial Finance, with offices throughout North America, is a diversified financial solutions provider offering inventory lending, floor plan finance and asset based financing. An experienced lender, they offer a wide array of program structures to meet the needs of original equipment manufacturers, distributors, resellers and dealers in a variety of consumer and commercial products industries. Their team offers a creative, flexible and personal approach combined with innovative technologies, and streamlined processes. LG ELECTRONICS SPONSORS NATIONWIDE NEXT GEN EVENT AT PRIMETIME! In 2013, the Nationwide Marketing Group launched the NeXt Gen network, comprised of the younger generation of industry leaders in the independent retailer and vendor communities. Every PrimeTime! , a networking event is held in an effort to bring these young industry leaders together to exchange ideas and best practices in a fun and relaxed environment. "The group's heightened focus on assisting members in the preparation and execution of succession planning has caused continued growth amongst the roster of attendees, making the event more and more successful each show," said Alex Knock, Director of PR for Nationwide. "What started as 50+ attendees exceeded 200+ people at the August event in Las Vegas." This past PrimeTime! show in Orlando, LG sponsored the NeXt Gen networking event, which was held at Club 39. B U Y I N G G R O U P N E W S RO

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