DLL to Expand Into Recreational Activity Equipment Market

DLL, a global financial solutions provider will expand its offerings into the recreation and leisure lifestyle market in North America. This will include motorsport, marine, recreational vehicles and manufactured homes. DLL will provide floor planning lines of credit for eligible/qualified dealers to finance inventory purchases from their manufacturing partners, including new, rental and used inventory credit lines. 

“As we continue to expand our Commercial Finance business, it is important that we look at new markets and different approaches,” states Mark McGovern, President, DLL Commercial Finance. “The recreation and leisure lifestyle market has been one of steady growth and we anticipate continued development trends across multiple demographics.”

The recreation product market is complementary to DLL’s current portfolio and existing customer support framework. This extension is part of the financing company’s strategy to adopt new approaches that grow market share in areas that fulfill partner and consumer needs.

The expansion initiative will be led by Carlos Lobo who joins DLL with more than 25 years of experience in the financial services industry as well as deep industry experience within the recreational products segment.

For more information on DLL’s commercial finance offerings in the recreational activity equipment market visit: https://www.dllgroup.com/en/solutions/commercial-finance 

About DLL

DLL is a global vendor finance company with more than EUR 30 billion in assets. Founded in 1969 and headquartered in Eindhoven, the Netherlands, DLL provides asset-based financial solutions in the Agriculture, Food, Healthcare, Clean Technology, Construction, Transportation, Industrial, Office Equipment and Technology industries. DLL partners with equipment manufacturers, dealers and distributors in more than 30 countries to support their distribution channels and help grow their businesses. DLL combines customer focus with deep industry knowledge to deliver sustainable solutions for the complete asset life cycle, including commercial finance, retail finance and used equipment finance. DLL is a wholly owned subsidiary of Rabobank Group. To learn more about DLL, visit www.dllgroup.com.

FOR MORE INFORMATION:

Maureen Wilbur
DLL Communications
Maureen.wilbur@dllgroup.com
484-432-8549