HOFFMAN ESTATES, Ill.--Wednesday, January 20, 2010-- GE Capital, Commercial Distribution Finance today announced it has been selected as the exclusive wholesale floorplan financing lender for Suncoast RV Center, Inc., headquartered in Jacksonville, Florida. The program will allow Suncoast RV to fund up to $25 million in new and used RV inventory within their dealerships across the Southeastern US.
"Suncoast is pleased to be working with GE Capital on this program," said Fred Hassan, Chairman of the Board for Suncoast RV. "During the current market environment of increased focus on lending and risk, we are confident that we have the backing of a strong financial provider like GE Capital."
GE Capital's Commercial Distribution Finance business provides financing options that include inventory financing, purchase order financing, accounts-receivable working capital loans and other programs for recreational vehicles and other industries.
"CDF is pleased to be selected by Suncoast to provide their inventory financing program," said Peter Lannon, managing director - RV for GE Capital's CDF business. "We look forward to providing them with funding, business intelligence and services to enable them to grow."
About Suncoast RV, Inc.
Suncoast RV, Inc., a family-owned and operated RV dealership headquartered in Jacksonville, FL, operates six dealerships across Florida, Georgia and Alabama. Established in 1982, Suncoast RV has grown to become a top 10 Winnebago RV Dealer, a top 5 Keystone RV dealer and also represents over half a dozen additional RV manufacturers covering the complete spectrum of motorized and towable RV types. Suncoast RV, a recipient of the Winnebago - Circle of Excellence Awqrd, also provides RV service, parts and accessories sales, RV body shop service, as well as being a regional leader in the sale of new and used RV's. Additional information can be found online at http://www.suncoastrv.com/.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance is a leading financing provider to manufacturers and their distributors. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. Additional information can be found online at www.ge.com/cdf.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapitalNews). GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. Visit ge.com.
Ned Reynolds
GE Capital
[email protected]
+1 203 2295717
+1 203 8370699
Mark Chesney
GE Capital Commercial Distribution Finance
[email protected]
1-847-747-6518
1-847-544-9362