KIOTI Tractor, a division of Daedong-USA, Inc., has announced an agreement with Huntington Distribution Finance, Inc. (HDF) to provide dealer floor plan lending solutions. Through this agreement, HDF will offer proven, efficient floorplan financing options to KIOTI dealers in the United States.
According to the news release, this partnership will streamline the floor planning and dealer onboarding processes, enabling KIOTI to deliver more value to its expansive and growing dealer network, comprising more than 500 dealers throughout North America.
HDF provides custom inventory finance solutions to dealers, distributors, and manufacturers
across North America. With a focus on delivering industry expertise, providing exceptional service and optimizing the dealer onboarding experience, the company is committed to supporting business growth. HDF enables its partners to succeed by offering comprehensive tools and services.
“At KIOTI, we are committed to innovation that not only strengthens our business, but also arms our dealer partners with necessary resources to foster sustainable growth,” said Jun Bahk, president and CEO of Daedong-USA, Inc., KIOTI Tractor Division. Bahk added, “Our agreement with HDF builds on our solution-oriented approach to seamlessly streamline processes for dealer success.”
“The strategic alliance will focus on creating simple, tailored solutions to support dealers’ growth goals – big or small,” Chiwhan Yoon, Deputy CEO and CFO explained. “Additionally, this exclusive agreement will enhance the onboarding process for new dealers, making it even easier to integrate KIOTI equipment into their dealership. With satisfaction and efficiency at the forefront, KIOTI and HDF will offer floorplan financing improvements including flexibility,scalability and direct access to dealer resources.
This change will build on the existing financial strength of Daedong-USA and Daedong Corporation.”Based in Wendell, NC, with additional distribution centers in Texas and Canada, KIOTI’s product line includes tractors, utility vehicles, residential and commercial zero turn mowers and compact construction equipment.
