American Sportworks LLC Signs Financing Agreement
Edition: January/February 2012
American SportWorks®, LLC, (ASW) has signed an installment financing agreement with Sheffield Financial, a subsidiary of BB&T Corporation (NYSE: BBT) effectiveNovember 15, 2011. “We at American SportWorks® are pleased with the confidence Sheffield has placed in us to offer financing to our customers,” said P. Enoch Stiff, President and CEO of American SportWorks® LLC.
The agreement allows ASW Dealer Network to offer Sheffield consumer financing. The contract covers installment financing for ASW’s line of LANDMASTERtm products.
“Sheffield has a proven track record, one that we can count on to handle our customers’ financing needs while offering exceptional service to our dealer network,” said Tom Delong, Senior Vice President for American SportWorks® LLC.
American SportWorks® LLC (ASW), founded on two powerhouse names: Brister’s Design & Manufacturing (1959) and Manco Powersports (1967), designs, engineers, manufactures and distributes off-road vehicles (ORVs), including the LANDMASTERtm brand. The LANDMASTERtm brand is a full line of Utility Vehicles for recreational and utility use ranging from 150cc “Light Utility Vehicles” to mid-size 2WD and 4WD models. ASW is a recognized leader and one of the largest manufacturers of moderately priced UTVs in the market place. Opportunities to enhance your experience are available at all ASW dealerships in the form of great accessories, and information about the complete line of ASW products, accessories, and parts are available from authonzed ASW dealers or anytime from the ASW home page at www.amsportworks.com. Sheffield Financial Clemmons, NC.-based Sheffield Financial is a division of BB&T Financial, FSB, which is a subsidiary of BB&T Corporation (NYSE: BBT). Sheffield, which has financed more than $5 billion in loans since its founding in 1992, currently services more than 30,000 outdoor power equipment, powersports and trailer dealers nationwide. The company provides retail financing options in all 50 states for outdoor power equipment, trailers and powersports equipment such as snowmobiles, all-terrain vehicles, utility vehicles and motorcycles. For more information about Sheffield Financial, visit www.sheffieldfinancial.com.
