Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee



Posted October 22, 2021


WINSTON-SALEM, N.C., Oct. 19, 2021 /PRNewswire/ -- Sheffield Financial, a division of Truist Bank, Member FDIC, and Tohatsu America Corporation (Tohatsu), recently agreed to a multiyear financing services program agreement. Tohatsu offers a full line of four-stroke outboard motors ranging from 2.5 horsepower to 250 horsepower.

The agreement allows Sheffield to provide lending services to Tohatsu customers through the Tohatsu dealer network. The contract covers installment financing for Tohatsu outboard motors and boat packages which include Tohatsu motors.

{mprestriction ids="1,4,9"}"We are proud of the opportunity to partner with a reputable and trusted financial institution," said John Adam, General Manager of Tohatsu America Corporation. "Our job begins by understanding our customer's needs, and with the help of Sheffield Financial, we can now provide our dealers and customers with reliable financial solutions."

"We are thrilled to announce our new relationship with Tohatsu, a manufacturer of high-quality outboard motors," said Jeff McKay, Sheffield Financial CEO and head of point-of-sale lending for Truist. "Sheffield is committed to providing outstanding service to support Tohatsu's dealer network and customers with easy and innovative financing options."


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