GF Blue logo
MenuMENU
SearchSEARCH

The Toro Company Expands List of Financial Service Partners for Grounds Customers

BLOOMINGTON, MN – In order to ensure that Toro grounds customers continue to have access to financing at market competitive rates, The Toro Company announced that it has reached agreement with three additional financial service firms to support equipment and irrigation system sales through the company’s distribution channel.

by Staff
February 19, 2009
2 min to read


BLOOMINGTON, MN – In order to ensure that Toro grounds customers continue to have access to financing at market competitive rates, The Toro Company announced that it has reached agreement with three additional financial service firms to support equipment and irrigation system sales through the company’s distribution channel.

 “There were many financing companies that were interested in working with Toro,” stated Mike Nesdahl, senior marketing manager for Toro Financing. “The new partners selected have relevant market experience and demonstrated a sincere interest in delivering incremental value in financing solutions for turf market customers.”

Ad Loading...

 The three new partners that now fall under the Toro Financing umbrella include:

  • VGM Financial Services, a division of TCF Equipment Finance, Inc.

  • U.S. Bancorp Business Finance Group, Inc.

  • National City Commercial Capital Company, LLC, part of PNC Financial Services Group, Inc.

 All three of Toro’s new partners have unique strengths and were listed in the Monitor Bank 50 – Top 20 Bank-affiliated Leasing Companies for 2007 in both the “New Volume” and “Net Asset” categories.

 GE Capital, previously the sole vendor for Toro Financing, also remains a strong and viable strategic partner for meeting the needs of Toro’s customers in the future.

“It is critical in the current economic environment that our customers have access to financing,” stated Michael Happe, vice president of Toro’s Commercial Business. “As the leader in the industry, this move is a proactive measure to ensure that both access to capital and competitive rates are readily available to help our customers manage their operations successfully.”

Ad Loading...

Toro Expands List of Financial Service Partners

With the assistance of local Toro distributors, the additional financing partners will provide customers with not only competitive rates but multiple sources through which they can acquire funding and develop a customized financing structure best suited to their specific needs.

Toro Financing customers will continue to receive industry-leading service and support for all of their equipment or irrigation system financing needs.

 For more information about Toro Financing Solutions, visit www.toro.com; contact your local Toro distributor at 800-803-8676; or write to Toro Commercial Equipment at 8111 Lyndale Avenue South, Bloomington, MN 55420.

About The Toro Company

Ad Loading...

The Toro Company (NYSE: TTC) is a leading worldwide provider of turf and landscape maintenance equipment, and precision irrigation systems. With sales of nearly $1.9 billion in fiscal 2008, Toro’s global presence extends to more than 140 countries through its reputation of world-class service, innovation and turf expertise. Since 1914, the company has built a tradition of excellence around a number of strong brands to help customers care for golf courses, sports fields, public green spaces, commercial and residential properties, and agricultural fields. More information is available at www.toro.com.

Topics:Operations

More Operations

A graphic of passes for Fleet Forward.
Operations•by Staff Writer•October 6, 2026

Fleet Forward Conference Introduces One-Day Passes for 2026 

New one-day registration lets fleet professionals attend Tuesday, Wednesday, or Thursday, with passes available for $249.

Read More →
Two buses with a logo above them.
Operations•by News/Media Release•October 5, 2026

ENC Unveils its ZAVIR Medium-Duty Shuttle

Two variants of the concept shuttles were revealed: a low-floor configuration and a high-floor configuration.

Read More →
A graphic of an auto shop and cheat sheet text.
Operations•October 2, 2026

Could Your Next Fleet Technician Start as an Intern?

What if your next technician hasn’t worked in a fleet shop yet? What fleets are doing to free up time.

Read More →
Ad Loading...
a technician working with a text overlay that says Building Talent From Within
Operations•by Jeanny Abraham•October 2, 2026

How Phoenix Is Building Its Next Generation of Fleet Technicians

With more than 8,000 vehicles and pieces of equipment to maintain, the City of Phoenix could not afford to wait for fully trained technicians to walk through the door. Instead, they revamped their entire workforce strategy and showed how public fleets can create their own talent pipeline while preparing existing employees for increasingly complex vehicles.

Read More →
A youtube graphic with a collage fleet images.
Operations•October 2, 2026

What’s Slowing Your Fleet Down?

Could a change in how work gets done help your fleet return vehicles to service sooner?

Read More →
A story graphic with data and cars.
Operations•by Nichole Osinski•October 1, 2026

Can Public Fleets Trust the Data Driving Their Decisions?

Public fleets have more data than ever, but inconsistent records and missing information can still undermine maintenance, replacement, and cost decisions.

Read More →
Ad Loading...
John Deere 40 P-Tier Compact Excavator
Operations•September 28, 2026

John Deere Introduces 40 P-Tier Compact Excavator

John Deere is adding a compact excavator designed for crews that need to move equipment between jobsites and handle multiple types of work with one machine. The 40 P-Tier weighs less than 10,000 pounds and offers configurable hydraulics, attachment options, and connected fleet-management capabilities.

Read More →
A cheat sheet thumbnail with images of a checklist and fleet image.
Operations•September 25, 2026

How Leading Fleets Improve and Why Business Plans Matter

This week, we look at what past Leading Fleet winners can teach us about making progress, plus how to build a business plan your fleet will actually use.

Read More →
hall of fame logo with award
Operations•by Staff Writer•September 25, 2026

Nominate a Fleet Leader for the 2027 Public Fleet Hall of Fame

Do you know a fleet leader who has made a lasting impact on the industry? Nominate this fleet professional for the 2027 Public Fleet Hall of Fame.

Read More →
Ad Loading...
A youtube graphic with fleet images.
Operations•September 23, 2026

Why Fleet Business Plans Need Three Perspectives

A fleet business plan should help agency leaders understand the fleet’s value, give the organization a clear direction, and establish shared expectations with customer departments.

Read More →