BNET Industries
Last Fiscal Year Sales:$798.0M
- Private
- US
Dow Jones Description
In 1962, Textron Financial was established to provide commercial financing for distributors of its parent company Textron Inc. (NYSE:TXT) and its family of well known brands names like Bell Helicopter, Cessna Aircraft, and E-Z-GO golf cars. Today, we're a diversified commercial finance company with a balance sheet of $10 Billion and more than 35,000 customers whose businesses have benefited from our asset-based lending, distribution, resort, aircraft, golf and structured finance solutions. By and large, our success stems from our ability to see opportunities where other lenders do not. As a subsidiary of Textron Inc., we understand supply and distribution channels and their capital challenges. We recognize threats from domestic and foreign competition. We understand time-to-market pressures. We know what it means to have a ready source of capital to meet fluctuating market demands. Put us to work for your business. Contact one of our divisions about your financing needs.
President of Textron Financial's Asset
Robert WagnerNumber of Employees 1,237
Contact Information
40 Westminster St PO Box 6640
Providence, Rhode Island 02943
(401) 621-4200
Peer Companies
NAICS Code Consumer Lending: 522291
Recent Events
-
Textron Reports Lower Finance Unit Profit on Higher Losses
-
Textron CEO expects industrial rebound
-
Bulls lock in solid gains
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Teufel Nursery Struggles to Secure New Financing
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TCF Inventory Finance Enters into Agreement with Textron Financial Corp.
News & Analysis
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asset and textron financial - All News and Analysis
Textron Financial Business Credit Provides $50 Million Asset-Based Facility to Lily Transportation
ALPHARETTA, Ga. -- Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, announced today that its Business Credit Division provided a $50 million syndicated revolving credit facility to Lily Transportation Corporation, a leader in transportation and distribution services. The revolving credit facility includes sub-facilities for letters of credit as well...
Textron Financial Extends Asset-Based Financing to Healthcare Providers
PROVIDENCE, R.I. -- Textron Financial Corporation announced today that it has begun offering asset-based financing to U.S. healthcare providers. Textron Financial's healthcare financing leverages the value of third party claims for a range of healthcare providers, including hospitals, skilled nursing operators, home health agencies, and outpatient clinics, as well as...
Textron Financial's Finance Company Services Finalizes $5 Million Asset Purchase Program With TWG Capital, Inc
Business Editors
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Robert Wagner | President of Textron Financial's Asset |
| Charles LoCurto | CIO |
| John F. Carey | Executive Vice President & Chief Marketing Officer |
| O. Lewis Humphrey | Executive Vice President & Chief Credit Officer |
| Thomas J. Cullen | CFO & Executive Vice President |
| John W. Mayers | Executive Vice President, Corp Dev |
| Brian F. Lynn | Treasurer & Senior Vice President, Capital Markets Group |
| Chris Cook | Senior Vice President of Sales and Marketing With Textron Financial's Distribution Finance Business |
| Chris Sharp | Vice President and General Manager |
| Karen Papa | Vice President Corporate Communication |
| Thomas N. Nichipor | Controller & Vice President |
| Scott Raymond | Senior Vice President and General Manager of the Textron Financial Private Brands Division |
| Claudia S Horn | Managing Director |
| Jerry Hinckley | National Sales Director for Textron Financial's Marina and Golf Finance Programs |
| Stephen Brown | Senior Vice President, National Sales Manager |
| Buell J. Carter, JR. | Transformation Leadership Team Member |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Mary F. Lovejoy | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Textron Financial Corporation | President of Textron Financial's Asset | Current |
| Golf Finance Division - Provides | President of Textron Financial's Asset | Current |
| The International Factoring Association | Board of Directors | Current |
| Turnaround Management Association | Board of Directors | Current |
| Health Care Finance | Senior Vice President | Former |
| Health Care Finance | General Manager | Former |
| Textron Financial Corporation | Board of Directors | Former |
| Golf Finance Division - Provides | Board of Directors | Former |
| University of California, Los Angeles | BS In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Textron Financial Corporation | CIO | Current |
| Organization | Position | Status |
|---|---|---|
| Textron Financial Corporation | Executive Vice President & Chief Marketing Officer | Current |
| Textron Inc. | Chief Marketing Officer & Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Textron Financial Corporation | Executive Vice President & Chief Credit Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Textron Financial Corporation | CFO & Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Textron Financial Corporation | Executive Vice President, Corp Dev | Current |
| Textron Systems Corporation | Vice President Textron Six Sigma and Transformation | Current |
| Textron Inc. | Vice President, Textron Six Sigma and Transformation | Current |
| Textron Financial Corporation | President | Former |
| Textron Systems Corporation | Special Teams | Former |
| Textron Inc. | Six Sigma Council Chairman | Former |
| Purdue University | M.S. Degrees | Former |
| Purdue University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Textron Financial Corporation | Treasurer & Senior Vice President, Capital Markets Group | Current |
| Organization | Position | Status |
|---|---|---|
| Textron Financial Corporation | Senior Vice President of Sales and Marketing With Textron Financial's Distribution Finance Business | Current |
| Organization | Position | Status |
|---|---|---|
| Textron Financial Corporation | Vice President and General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Textron Financial Corporation | Vice President Corporate Communication | Current |
| Organization | Position | Status |
|---|---|---|
| Textron Financial Corporation | Controller & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Textron Financial Corporation | Senior Vice President and General Manager of the Textron Financial Private Brands Division | Current |
| Organization | Position | Status |
|---|---|---|
| Cmdr Premier Aircraft Corporation, Inc. | Chief Financial Officer | Current |
| Textron Financial Corporation | Managing Director | Current |
| Cavalry Media Services, LLC | Professional Profile | Current |
| Cmdr Premier Aircraft Corporation, Inc. | Treasurer | Current |
| Sabre Communications Corp | Chief Financial Officer | Former |
| Sabre Communications Corp | Treasurer | Former |
| Quinnipiac University | B.A. Degree In Finance | Former |
| University of Connecticut | Former |
| Organization | Position | Status |
|---|---|---|
| Textron Financial Corporation | National Sales Director for Textron Financial's Marina and Golf Finance Programs | Current |
| Organization | Position | Status |
|---|---|---|
| Golf Finance Division - Provides | Senior Vice President, National Sales Manager | Current |
| Textron Financial Corporation | Senior Vice President, National Sales Manager | Current |
| National Funding Association, Inc. | Board of Directors | Current |
| Atlanta Venture Forum | Board of Directors | Current |
| Turnaround Management Association | Board of Directors | Current |
| American University | MBA | Former |
| University of Virginia | Former |
Mary F. Lovejoy was appointed vice president and treasurer of Textron in April 2000. She is responsible for overseeing the company's financing activities, global treasury operations, the investment of pension fund assets and Textron's insurance programs. In addition, she serves on Textron's enterprise-wide Finance Council. During her career with Textron, Lovejoy has held key positions in the field of investor relations and communications. She joined Textron in 1993 as director of investor relations. In 1995, she was promoted to vice president, investor relations and in 1996, she assumed responsibility for all corporate communications activities. Prior to joining Textron, Lovejoy was vice president and senior corporate banker at the First National Bank of Chicago. During her 16 years at First Chicago, she held a variety of positions at the bank's Chicago, Boston and London offices. Lovejoy received a B.A. from Dartmouth College and an M.B.A. from the University of Chicago. She is currently a member of the Local Initiatives Support Corporation's Rhode Island Advisory Board, a board member of the International Institute Rhode Island, and a board member for the Festival Ballet. Lovejoy is a past participant in the Textron Executive Development and the Advanced Management programs.
| Organization | Position | Status |
|---|---|---|
| Textron Systems Corporation | Vice President and Treasurer | Current |
| Textron Inc. | Vice President & Treasurer | Current |
| Local Initiatives Support Corporation | Member | Current |
| Textron Financial Corporation | Board of Directors | Current |
| Textron Inc. | Director of Investor Relations | Former |
| First National Bank of Chicago | Former | |
| Textron Inc. | Board of Directors | Former |
| University of Chicago | M.B.A. | Former |
| Dartmouth College | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Providence Foundation | Member, Board of Trustees | Current |
| Textron Financial Corporation | Transformation Leadership Team Member | Current |
| Textron Financial Corporation | President | Former |
| Textron Financial Corporation | Chief Operating Officer | Former |
| Textron Financial Corporation | Executive Vice President | Former |
| University of Louisville | BS In Physics | Former |
| Harvard Business School | Textron Advanced Management Program | Former |
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