RACINE, Wis. - (July 1, 2008) - The Lawn & Garden Dealers Association (LGDA), a 2,500-member association based in Tulsa, Okla., has entered into an agreement with CNH Capital America LLC (CNH Capital) to offer the CNH Capital Commercial Revolving Account - a dedicated line of credit that LGDA members' qualified commercial customers can use for lawn and garden equipment, landscape supplies, parts, service and rental purchases.
LGDA chose CNH Capital because it is a well-established financing organization, working with nearly 2,500 agricultural and construction equipment dealerships nationwide. CNH Capital is the Racine, Wis.-based financial services business of agricultural and construction equipment maker CNH Global N.V.
"On a daily basis, we are always searching for programs that will benefit our members," says Kirk Nellis, Executive Director of the LGDA. "We examined every aspect of the CNH Capital Commercial Revolving Account program and believe it is the best program of its type for our members because it allows them to compete on a national scale."
The CNH Capital Commercial Revolving Account has been designed from the ground up to enhance the buying power of LGDA members and their commercial customers, by offering a dedicated line of credit with attractive terms, seasonal promotions and flexible repayment options.
In addition to offering the CNH Capital Commercial Revolving Account to their commercial customers, LGDA can now take advantage of a program that will help them close more sales, through targeted marketing support and special offers.
"Another key advantage is that LGDA members no longer need to carry any accounts receivables - now, they can utilize the flexible terms available on the program and get paid within two days of making a sale," says Don Pralle, Senior Director, CNH Capital Partner Programs. "This program is consistent with our overall approach to business: that is, working on behalf of our clients and their customers to support their mutual growth."
About the Lawn & Garden Dealers Association
Established in 1986, the Lawn & Garden Dealers Association, or LGDA, has been helping small businesses in the outdoor industries save thousands of dollars annually by combining the buying power of its 2,500 members. With several hundred million dollars of buying power, the association offers money-saving programs in almost all aspects of business, from office supplies to mobile phone discounts to healthcare discounts. More information about the LGDA can be found at www.LGDA.com.
About CNH Capital
CNH Capital, the financial services business of CNH Global N.V. (NYSE: CNH) and a majority-owned subsidiary of Fiat S.p.A. (FIA.MI), provides a comprehensive range of services, including wholesale and retail financing, leasing, insurance, asset management, and revolving lines of credit, for the global marketplace. Building on nearly 50 years' experience in the equipment finance industry, CNH Capital services a portfolio of more than $18 billion, helping customers through various wholly owned subsidiaries and joint ventures throughout North America, Latin America, Europe and Australia. More information about CNH Capital can be found at www.cnhcapital.com.