The new group combines PNCEF’s former golf finance and sports venue technology finance segments.
The new group will offer financing options for turf maintenance equipment and golf cars for golf courses, country clubs, municipalities and sports fields throughout the US and Canada.
In addition, it will offers financing for sports venue technology equipment such as video boards, score boards, production equipment and other technology-related assets for professional sports teams and other entertainment venues, said the company.
PNC Equipment Finance senior vice president and manager of the vendor finance business Paul Vecker said the sports and entertainment group combines financial strength with the knowledge and understanding of today’s golf, sports media and technology industries.
"We will work diligently to create financing programs that meet the needs of this multi-faceted market," said Vecker.
Chris Schauerman has been chosen to lead the group, which will be an operating unit of the vendor finance business at PNC Equipment Finance.
