GM Financial Picks DataScan for Commercial Lending Tech

With plans to launch its Commercial Lending Services business in April, General Motors Financial has chosen DataScan Technologies LLC as its systems provider for the new venture.

GM Financial will begin to market the Commercial Lending Services suite of products at the National Automobile Dealers Association’s annual conference this week in Las Vegas. The lender’s plan is to offer floorplan financing; capital, real estate, and construction loans; floorplan insurance; and cash management programs to GM dealers in the U.S. and Canada.

Alpharetta, Ga- based DataScan will also conduct floorplan inspections for GM Financial. Both the lending systems and inspection services will provide the captive with a complete dealer floorplan solution utilizing DataScan’s Wholesale Management System, Dealer Access System, Risk Management System, and DataScan Field Service’s extensive nationwide coverage.

“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.”

Check out GM Financial at the NADA Convention at booth 2666.