Textron Financial: Newsroom: Press Release


		Overview \| Newsroom\| Press Release

Textron Financial Expands Marina Financing Capabilities

Alpharetta, GA – May 21, 2007 – Textron Financial Corporation announced today that it has signed exclusive agreements to originate marina loans with NorthPoint Marina Finance Corporation and Morningstar West, Inc. These agreements expand Textron Financial’s marina loan origination capability and signify an increased commitment to the marina industry. Textron Financial is a subsidiary of Textron Inc. (NYSE: TXT).

“Establishing this solid marina financing presence throughout North America brings Textron Financial closer to its customers so that we can understand and continue to anticipate our clients financing needs,” said Jerry Hinckley, national sales director for Textron Financial’s marina and golf finance programs. “Partnering with NorthPoint and Morningstar West is critical to the growth and development of our marina finance business.”

NorthPoint President Andrew Cantor is responsible for originating marina loans in the United States east of the Mississippi River, as well as in eastern Canada and the Caribbean. He has 19 years of real estate industry experience, including 11 years with Textron Financial where he was responsible for starting the company’s marina finance program in 2004. Cantor has been involved with over $500 million of golf and marina loan fundings since 1995. Currently based in Atlanta, Georgia, he can be reached at (770) 360-1478.

Frank Limbaugh, president of Morningstar West, is overseeing the origination of marina loans in the United States west of the Mississippi River, as well as in western Canada, and Mexico. He has over 30 years of experience in structuring unique financial programs across a range of industries. During that time, he served as president of Deutsche Financial Services’ technology division and division vice president of Transamerica Commercial Credit. He is based out of Newport Beach, California and can be reached at (949) 413-6439.

About Marina Finance
Textron Financial’s Marina Finance program serves North American marina owners with acquisition, refinance, construction and capital improvement loans of $2 million or more. Additional information about the program is available at www.textronfinancial.com/marina.

About Textron Financial Corporation
Textron Financial is a diversified commercial finance company with $10 billion in managed receivables. It has core businesses in Aviation Finance, Asset-Based Lending, Distribution Finance, Golf Finance, Resort Finance, and Structured Capital. Textron Financial also provides financing programs for products manufactured by its parent company, Textron Inc. Additional information about the company is available at www.textronfinancial.com.

About Textron Inc.
Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.