Following more than 10 consecutive years of robust growth and the development of an impressive customer base throughout North America, Northpoint Commercial Finance announce its partnership with Elite Recreational Finance which will focus on expanding their Marine sector with a retail finance program. The partnership will combine Elite's industry-leading technology with Northpoint's financial solutions.

Northpoint has grown into an established entity that has proven their commitment to the marine industry over the years by developing programs with their dealers in mind such as Boat Club Financing, Used Floorplan Programs and partnering with Manheim Auctions. They continue to innovate, bring on knowledgeable people, and form strategic partnerships throughout the industry, including this latest exciting endeavor. As this next phase begins for Northpoint, it is expected that the partnership with Elite will strengthen Northpoint's offerings and aid in providing the best support and financing opportunities to the Marine industry.

Russell Baqir, Senior Vice President of Business Development at Northpoint, said, "The partnership with Elite Recreational Finance is a perfect fit for us, and we couldn't be more excited as their technology and services for both manufacturers and dealers will continue to expand our boutique of innovative inventory solutions in marine."

Jimmy Delegro, Elite President, said, "We are excited about the partnership and look forward to working with Northpoint to help grow their Marine sector. Our retail experience and industry knowledge combined with their top-notch customer service and flexible marine inventory financing programs fulfill a great market need."

Elite Recreational Finance provides full-service consumer financing for dealers, lenders and manufacturers. Headquartered in Oldsmar, FL., Elite finances new, used, consignments, rentals, boat & RV clubs, charters and dealership equipment nationwide.

Northpoint, is owned by LBC Capital, a subsidiary of Laurentian Bank of Canada and has offices in Alpharetta, GA, and Burlington, ON. Laurentian Bank, which has been in business for over 175 years, acquired Northpoint Financial in 2017.