TURNS Financing and Nortek Global HVAC introduce new “Second Look” consumer financing program

TURNS Financing and Nortek Global HVAC introduce new “Second Look” consumer financing program

Nortek Global HVAC offers a variety of energy-efficient comfort products for the residential, manufactured housing and light commercial markets The company’s flagship brands include Frigidaire, Maytag, Broan, NuTone and Westinghouse.

TURNS Financing Services, Inc., a premier consumer financial services company, today announced a new agreement to offer a “second look” program to help credit-challenged consumers finance products and services through the Nortek Global HVAC network of independent contractors.

Nortek Global HVAC offers a variety of energy-efficient comfort products for the residential, manufactured housing and light commercial markets, including central air conditioners, heat pumps, furnaces and unit heaters. These products offer some of the longest warranties in the industry as well as innovative technologies such as Micro-Channel coils and inverter-driven compressors. The company’s flagship brands include Frigidaire, Maytag, Broan, NuTone and Westinghouse.

"We are very pleased to work with an industry leader like Nortek Global HVAC that shares our desire for quality and customer service," said Bob Maisel, Senior Vice President, TURNS Financing. "Providing additional financing options shows Nortek Global HVAC’s commitment to helping contractors provide affordable, quality systems to a greater number of homeowners. As research shows, the availability of flexible financing is very important to all types of consumers making a major purchase."

"We are excited about the opportunity to provide our customers with the unique benefits offered by TURNS Financing through our new financing program agreement," said Bonnie Moore, program manager at Nortek Global HVAC. "A new heating and air system can be too expensive for many consumers with less-than-ideal credit. Thanks to this new partnership, our contractors will now have access to a number of flexible finance options offered by TURNS Financing so that they can help consumers acquire a new HVAC system. TURNS Financing is an excellent complement to the best-in-industry products and services we offer."

HVAC contractors and distributors who are interested in learning more about TURNS Financing and the new partnership with Nortek Global HVAC should contact TURNS at 866-748-4590 or visit www.turnsfinancing.com.

About Nortek Global HVAC (formerly NORDYNE)

Nortek Global HVAC has been designing and manufacturing reliable heating and cooling products for more than 95 years. The company focuses on creating value for its customers through a combination of innovation, product performance and responsive support. Nortek Global HVAC and its subsidiaries build and sell HVAC systems under the Maytag, Broan, Frigidaire, NuTone, Westinghouse and Reznor brands, among others. To learn more about Nortek Global HVAC and its product offerings,  visit www.nortekhvac.com.

Nortek Global HVAC is a subsidiary of Nortek, Inc. (Nasdaq: NTK) a global, diversified company whose many market-leading brands deliver broad capabilities and a wide array of innovative, technology-driven products and solutions for lifestyle improvement at home and at work. Please visit www.nortek.com for more information.

About TURNS Financing

TURNS Financing was founded in 2011 and is managed by home improvement and banking professionals with more than 125 years combined experience. The company strives to utilize technology to simplify in-home consumer financing for contractors and to provide loan programs to the widest credit range of homeowners seeking to finance a home improvement project. The company provides a range of credit products through programs established with a varied collection of affinity groups, local contractors, manufacturers, buying groups and industry associations to help create growth for our clients and offer financial flexibility to their customers. www.turnsfinancing.com.

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