FORT WORTH, Texas — GM Financial announced it has chosen DataScan Technologies LLC as its systems provider for the captive’s Commercial Lending Services business.
GM Financial said it plans to launch its Commercial Lending Services business this April, offering floorplan financing; capital, real estate and construction loans; floorplan insurance and cash management programs to GM dealers in the United States and Canada.
"As we looked to build a best-in-class commercial lending platform, aligning ourselves with industry leaders was a must," said Brian Fallon, senior vice president of Commercial Lending Services. “When it came to selecting a provider for dealer loan systems and inspection services, DataScan had the history and experience necessary to help us develop a comprehensive program that meets the needs of our GM dealer partners."
DataScan also will conduct GM Financial’s floorplan inspections. The floorplan solution will utilize DataScan's wholesale management system, dealer access system, risk management system and field service nationwide coverage.
"We look forward to the new business relationship with GM Financial and are pleased to have the opportunity to provide them with our expertise as they launch their dealer commercial business," said Brent Sergot, vice president and general manager of DataScan. "DataScan's support systems and services will streamline GM Financial's lending and risk mitigation through an easy-to-use online interface, as well as accommodate our clients' future growth plans."
For more information, visit GM Financial in the General Motors' booth (2666) at the 2012 NADA Convention & Expo.