Yorba Linda, Calif.— Flex Fund Financial Services, a provider of used-car inventory financing for new- and used-car dealers and salvage buyers, announced that it has entered into a strategic partnership with Bethesda, Md.-based Pinnacle Financial Group. Pinnacle provides financial solutions for dealers primarily located in the Mid-Atlantic region.
Through the deal, Flex Fund and Pinnacle will partner to provide used-car inventory financing for used-car dealers. Pinnacle will represent Flex Fund's used-car floorplan products through their existing network of field sales representatives now serving dealers in a six-state region.
"We're thrilled to join Pinnacle, a successful regional player in the automotive inventory financing industry," said Cliff James, Flex Fund's CEO. "This mutually beneficial relationship provides Flex Fund with an established base of customers and proven sales team in a key geographic area. In turn, Flex Fund's innovative inventory financing further strengthens Pinnacle's already strong array of financial solutions for independent dealers."