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Wells Fargo, Whirlpool Extend Financing Pact For Independent Dealer Support

Wells Fargo Commercial Distribution Finance (CDF) has extended an exclusive dealer financing program with Whirlpool to offer independent retailers access to longer terms to help support their businesses with inventory financing solutions.

“Whirlpool is an iconic American brand that focuses on providing strong quality products for its customers and we feel fortunate to be able to continue to support their business,” said Jim Morphey, VP, corporate development, CDF.  “The CDF program focuses on the needs of the independent retailer and this would not be possible without the strong support from market leaders like Whirlpool,” added Chad Lyon, CDF managing director.

This exclusive deal is an extension of a business relationship dating back to 1957, CDF said. The program has had four prior exclusive renewals since 1997.

 “The CDF team has been a great resource for us providing critical funding to our trade customers as well as delivering leadership that helps our dealers improve their businesses,” said Sam Abdelnour, Whirlpool sales VP.  “Our trade customers are our top priority, and CDF’s financing solutions help us continue to grow these important relationships.”