Roadrunner financial, the lending arm of portfolio company Octane Lending, is expanding coverage to include outdoor power vehicles such as tractors, golf carts, and mowers.
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Roadrunner Financial Launches Outdoor Power Division
The new division was created to meet a demand that Roadrunner noticed based on dealer feedback. “There hasn’t been a great near-prime option for outdoor power equipment dealers and OEMs,” Vestal said. “We’ve been able to come on strong with some good partnerships early.” The biggest challenge of Roadrunner’s new division is developing those partnerships before consumer demand for outdoor power equipment spikes in late March. “We are breaking into the space, meaning that we’ve been meeting with large corporate partners,” he said. “We’re just trying to get everything accomplished … before the heart of the season really gets going.”
