Wells Fargo CDF Offers Accommodations to Dealers

Wells Fargo CDF recently announced to dealers that is making short-term accommodations to financing programs in response to the COVID-19 pandemic.

For its Pay-As-Sold financing program, the company is offering interest deferment, curtailment deferment and/or due-in-full deferment.

For the Liquidation/Scheduled Payment Program financing program, Wells Fargo CDF is offering scheduled payment deferment on certain programs.

Payments for sold or otherwise disposed of inventory will be required to be made in normal course in accordance with financing agreements.

Hayley Anklam, a spokesperson for Wells Fargo, shared this statement with Rural Lifestyle Dealer: “As we continue to navigate the rapidly evolving COVID-19 situation, our first thought is for the safety and well-being of all individuals and businesses impacted by these difficult circumstances. Wells Fargo is working on a daily basis to ensure we are putting measures in place to support the needs of our customers affected by COVID-19 in the most effective ways. For Commercial Distribution Finance (CDF) customers, we are actively engaging to determine appropriate assistance, as specific needs vary per customer. Dealers and manufacturers should connect with their relationship managers for questions pertaining to their particular circumstances.

Lynn Marcinkowski Woolf

Lynn Marcinkowski Woolf was managing editor of Rural Lifestyle Dealer. Prior to that, she was a contributing writer for Rural Lifestyle Dealer and Farm Equipment magazines before becoming editor in 2012. She previously covered agriculture as a freelance writer for several industry publications. Lynn also worked in public relations and marketing and earned her accreditation in public relations. She is a graduate of the University of Wisconsin-Milwaukee and lives on a third-generation family farm in Kansas. Contact: lwoolf@lessitermedia.com

Videos

Mowhawk Mowers Enters the Zero-Turn Space

Mowhawk mowers using decades of manufacturing experience to enter the zero-turn space and grow its dealer network.

Top Directory Listings

Yanmar

Yanmar America is the North American headquarters of Yanmar Holdings. Ranked #1 in Product Quality for five years in a row by the Equipment Dealers Association, Yanmar provides innovative solutions for Rural Lifestyle and Industrial Equipment customers.

Yanmar was the world’s first manufacturer to develop a practical small diesel engine in 1933 and has continued to push the boundaries of innovation and technology ever since. As a manufacturer of diesel engines, compact tractors and utility task vehicles, construction machinery, and industrial equipment, Yanmar's products are sold in over 130 countries.

At Yanmar America, we are committed to providing our customers with the highest quality products and services, backed by a strong team of professionals who share our dedication to excellence. We look forward to the opportunity to work with you in achieving your goals.

Stihl Inc

Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.

Wells Fargo CDF Offers Accommodations to Dealers

This month's digital sponsors:

Lynn Marcinkowski Woolf