[an error occurred while processing this directive]

[an error occurred while processing this directive] [an error occurred while processing this directive] [an error occurred while processing this directive]

CEF Web Site

[an error occurred while processing this directive]

With expertise in a wide range of industries, including construction and services, Commercial Equipment Financing provides innovative financial and equipment solutions to help drive productivity for our customers. Commercial Equipment Financing (CEF) serves a broad financing market from small businesses to Fortune 100 companies worldwide. Our portfolio includes more than 90 different equipment types, including trucks and trailers, corporate aircraft, manufacturing facilities, construction, medical and office equipment. In 2000, CEF enjoyed continued strong growth. Overall, sales were up 14% over the prior year, with good results in the United States, Canada, Mexico and Japan. Our net income for the year grew more than 25%. Our e-Business efforts accelerated during 2000, with a focus on digitizing our core processes. For example, customers now have the ability to collaborate with us online during leasing and financing transactions. To further drive customer productivity, we've launched personalized Web sites for customers and provided them with online account management. In short, e-Business is literally transforming the way we work at CEF. During the latter part of the year, CEF assumed responsibility for GE Capital's Small Business Solutions, an Internet-based, multi-product business unit. GESmallBusiness.com is designed to offer solutions for small businesses ranging from facilities financing to employee benefits to small fleet financing. This effort allows us to focus product offerings across seven different GE Capital businesses. These offerings meet specific needs of small businesses on a real-time basis. Although the Japanese economic recovery continues to be slow, we had a successful first full year following the 1999 acquisition of Japan Leasing, now known as GE Capital Leasing. Volume grew by 29% with our emphasis on improving margins and introducing new products to our customers. The recent Fukugin Leasing acquisition enhances market coverage for us on the island of Kyushu, in southwestern Japan; and in the future, we expect to see more opportunities for joint venture arrangements with leasing subsidiaries of Japanese banks. Looking ahead, CEF sees continued opportunities to Web-enable our business, improve customer service and grow in all of our global platforms. www.ge-cef.com

[an error occurred while processing this directive]