Travelers Acceptance announces funding facility for the Canadian resort developer and vacation ownership industry.

    VANCOUVER, Oct. 8 /CNW/ - Travelers Acceptance Corporation has announced
the launch of its commercial acquisition, renovation and construction
financing initiative for the Canadian resort developer and vacation ownership
    Travelers is announcing expanded entry into the commercial lending space
at a time when more and more entrepreneurs and resort developers are
experiencing difficulty in financing acquisitions, renovations and new
construction financing.
    "For many years now Travelers has been active in the consumer financing
and loan servicing of vacation ownership product across Canada. This recent
move on our part demonstrates our ongoing and long term commitment to the
industry" said Pierre Genest, Director of Business Development for Travelers
Acceptance Corporation.
    Nicholas Carter, Travelers Acceptance vice President of Credit and Risk
Management said, "The Vacation Ownership industry is a great industry with a
great future; we believe that resort developers will appreciate having
additional or alternative funding partners for their acquisition, renovation
and construction projects."
    Resort developers interested in learning more may contact Pierre Genest
at Travelers Acceptance at 1-905-637-8275

    Travelers Acceptance Corporation has since 1974 been engaged by
businesses to arrange, structure and fund unique indirect consumer financing
solutions across a wide range of industries including tuition, automotive
aftermarket, automotive repair, vacation ownership, healthcare, membership,
consumer durables, retail, power products and home improvements. Travelers
consults with its client partners to create term financing programs that
attract and retain more clients, close more sales, and increase overall
profitability. For more information about Travelers Consumer Finance visit .

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