L S Tractor extends dealer finance program

Wells Fargo Commercial Distribution Finance (CDF), which recently acquired GE Capital’s CDF business, has announced it has extended its dealer financing program with LS Tractor USA, a leading manufacturer of tractor equipment.

The financing program, which was first signed in 2009, allows LS Tractor to continue to expand its dealer distribution network in the US and Canada.

Based in North Carolina LS Tractor and its parent company, LS Mtron, manufacture compact and utility tractors as well as various machine attachments. LS Mtron has sold more than 40,000 tractors in North America over the past 35 years. The two are member companies of the LS Group, one of the largest corporations in South Korea with annual sales of $30 billion.

“Wells Fargo CDF’s expertise in the agricultural industry and reliability in execution allows us to plan for the long-term growth of our business,” said Derek Johannes, CEO of LS Tractor. “This program extension is a key element of our continued success.”

“Having a strong financial partner is a cornerstone for any business. The ease of doing business coupled with CDF’s easy-to-access knowledgebase has been vital over the past seven years,” added Craig O’Brien, customer relations manager at LS Tractor. “Our vision and strategy mirrors the core pillars of CDF – embracing deep and enduring relationships and strengthening that based on customer needs.”

“We’re excited to continue our relationship with LS Tractor as they look to expand in North America and beyond,” said Mike Horak, president of CDF’s outdoor products group. “We’re looking forward to leveraging our global capabilities to expand a business that has enjoyed immense success in the US and Canada.”