We are confident the program with National City will assist us with innovative financial solutions.
Pittsburgh, Pennsylvania (PRWEB) April 22, 2009
National City Commercial Capital, LLC (NC-4), now a part of The PNC Financial Services Group, Inc. (NYSE: PNC), today announced a three-year financing agreement with Augusta, Ga.-based E-Z-GO, a Textron, Inc. company (NYSE: TXT) and a leading provider of golf cars and utility vehicles for the golf industry and a major provider of personal use, industrial, turf and utility vehicles for a variety of applications and industries. NC-4's golf finance division, National City Golf Finance, has expanded its eight year relationship with E-Z-GO and will provide its customers additional customized financing programs for acquisition of golf cars, maintenance vehicles and other equipment manufactured by E-Z-GO.
The new financing program will offer E-Z-GO golf-focused customers special financing options for golf car products and other equipment, with a focus on financing structures and flexible terms addressing the unique needs of today's golf course operations.
"Access to competitive financing programs will enable our customers to function more efficiently and ensure they have the proper compliment of equipment onsite to provide the best possible service and experience for their customers," said Kevin P. Holleran, president, E-Z-GO. "We are confident the program with National City will assist us with innovative financial solutions."
National City Golf Finance, a division of National City Commercial Capital (NC4), offers a wide variety of financial tools, including master lease and master loan agreements which minimize paperwork and speed up the equipment delivery and funding process.
"We worked closely with E-Z-GO to create financing models and processes that address the current market economics and changing budget and cash flow realities of golf course operations," said Vincent Rinaldi, chief executive officer of National City Commercial Capital. "We are confident that our financing programs will meet the needs of E-Z-GO customers."
The PNC Financial Services Group, Inc., is one of the nation's largest diversified financial services organizations providing consumer and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.