Sheffield Financial and Suzuki Marine USA LLC Announce Retail Finance Program Agreement

WINSTON-SALEM, North Carolina, September 28, 2021 / PRNewswire / – Sheffield Financial, a division of Truist Bank, member of the FDIC and Suzuki Marine United States LLC (Suzuki Marine), recently entered into a financing services program agreement. Suzuki Marine offers a wide range of outboard motors, including the largest line of four-stroke engines in the industry.

The agreement allows Sheffield to provide loan services to Suzuki Marine customers through the Suzuki Marine dealer network. The contract covers the tiered financing of Suzuki outboard motors and boat packages, which include Suzuki engines.

“We know how important it is to offer our customers retail financing options to go with our Ultimate outboard motor line,” said George “Gus” Blakely, executive vice president, sales and service for Suzuki Marine. “This is especially true in today’s market, where so many new people are entering boating for the first time. We want to keep our customers in the boating lifestyle and in the Suzuki family for many years to come – and providing the right financing is an important part of making that happen. This is why we are delighted to be working with Sheffield Financial. “

“Sheffield has partnered with Suzuki Powersports since 2008, providing retail financing to their dealers, and are now excited to provide competitive financing solutions to Suzuki Marine dealers and their customers in the United States. a winning combination, “ noted Jeff McKay, CEO of Sheffield Financial and Head of Point of Sale Loans for Truist.

About Sheffield Financial
Winston-Salem, North Carolina– based in Sheffield Financial is a division of Truist Bank, member FDIC, which is a subsidiary of Truist Corporation (NYSE: TFC). Sheffield, which has funded more than $ 30 billion on loan since its founding in 1992, currently serves more than 15,000 outdoor power equipment, powersports and trailer dealers nationwide. The company offers retail financing options in all 50 states for outdoor power equipment, trailers and powersports equipment, such as snowmobiles, all-terrain vehicles, side-by-side vehicles, motorcycles and personal watercraft . For more information on Sheffield Financial, visit SheffieldFinancial.com.

About Truist
Truist Financial Corporation (NYSE: TFC) is a purpose-built financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has a leading market share in many high growth markets across the country. The company offers a wide range of services, including retail, small business and corporate banking; asset Management; capital markets; commercial real estate; corporate and institutional banking; Assurance; mortgage; Payments; specialized loans; and wealth management. Based at Charlotte, North Carolina, Truist is one of the top 10 U.S. commercial banks with total assets of $ 522 billion from June 30, 2021. Truist Bank, FDIC member. Learn more at Truist.com.

About Suzuki Marine
Suzuki Marine manufactures a wide range of ultimate outboard motors, from the portable 2.5 horsepower motor to its flagship V-6 DF350, the first outboard to feature twin counter-rotating propellers for superior acceleration, performance of peak and fuel economy. Suzuki’s all-four-stroke range provides power for a wide range of popular boats, from canoes and car toppers to freshwater pontoons and bass boats to larger offshore fishing machines. Recently moved to the new US headquarters in Tampa, Florida, Suzuki Marine is a strong supporter of Suzuki’s Global Clean Oceans Project and is constantly striving to find new ways to protect our marine environment for the enjoyment of future generations.

SOURCE Sheffield Financial, Inc.

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