NextGear Capital Appoints New Vice President, Diversified Products

Online, September 25, 2013 (Newswire.com) - NextGear Capital has announced the appointment of Frank Ford to the role of Vice President, Diversified Products. Ford will be responsible for strategic planning, development and growth of diversified non-auto floor plan products, including recreational vehicles, marine, powersports, salvage, daily rental and others as implemented.

"As market dynamics change and our industry evolves, we intend to be engaged in every opportunity presented," stated NextGear Capital Executive Vice President Marty McFarland. "There are many stages to the remarketing cycle. Having a diverse offering of products and services will be key to keeping NextGear Capital at the leading edge of the industry. Frank's extensive background and experience in commercial finance will be a tremendous asset in leading our product diversification strategies."

Ford previously served as Senior Vice President of Sales for Cessna Finance Corporation, a division of Textron Financial's Captive Finance Division. He also served as Textron Financial's General Manager of the St. Louis floor plan office, where he managed their diversified receivables portfolio.

"Industry leaders always recognize the importance of presenting a diverse range of product and service offerings to their market," stated Ford. "NextGear Capital has clearly established itself as an industry leader, and I look forward to creating more opportunities for growth for the company."

About NextGear Capital:

NextGear Capital is the world's most comprehensive and innovative provider of lending products for vehicle dealers and auctions. With pioneering technology and a total commitment to customer service, NextGear Capital empowers dealers to floor plan vehicles from anywhere, at any time. NextGear Capital lines of credit can be used for a variety of purchases - Retail, Wholesale, Salvage and Specialty. The company is a dynamic new industry leader that is 100% focused on helping customers shift their business to the next level.