Sales Finance unit to provide consumer financing to leading Michigan retailer
KETTERING, Ohio--30 June 2009-- GE Money and Art Van, Michigan's leading furniture retailer, today announced a multi-year agreement to provide consumer financing through the home furnishing retailer's 30 locations and online store.
The Art Van Card, issued through GE Money's Sales Finance unit, provides flexible financing promotions and extended terms, including no-interest and minimum payment plans.
"We're very excited to be partnering with GE Money on the Art Van credit program because they are a leader in both consumer financing and the home furnishings industry," said Gary Van Elslander, president of Art Van, which is celebrating its 50th anniversary. "This proven history, combined with their Risk and Marketing capabilities, enable us to better serve our guests and satisfy their need for fast and simple financing solutions."
Known for offering a full range of name-brand furniture and mattresses, guests can visit the Art Van Web site, www.artvan.com, to purchase living room, bedroom, dining room and family room furniture, as well as mattresses, home office, home entertainment and leather furniture. Guests can also visit one of Art Van's 30 stores in 29 cities throughout Michigan.
"We've seen many economic cycles over the past seven decades, and one constant is that consumers continue to need goods and services and value payment options that enable them to fit the purchase comfortably into their budget," said Paul Schell, general manager, industry programs, GE Money -- Sales Finance. "It's an exciting time in Art Van's 50-year history, and we are proud to help them deliver the right financing tools and programs for their guests."
The new Art Van Card will be available to qualified customers at all Art Van locations. Guests can also shop and apply for the card online by visiting the Art Van Web site at www.artvan.com.
About Art Van Furniture
Founded in 1959, Art Van Furniture is Michigan's largest furniture retailer and America's largest independent furniture retailer, operating 30 stores in 29 communities throughout Michigan. The company is family-owned and headquartered in Warren, Michigan.
About GE Money
GE Money's Sales Finance unit, based in Kettering, Ohio, is a part of General Electric Company's GE Capital division, (NYSE: GE). GE Money provides credit card programs and financial services for consumers through dealers; national, regional and independent retailers; associations; contractors; manufacturers; healthcare practices; and service providers in nearly 20 industries including: automotive, consumer electronics and appliances, elective health care, floor covering, home design and improvement, home furnishings, jewelry, music, powersports, outdoor power equipment and sporting goods. More information can be found at www.gemoney.com.
GE (NYSE: GE) is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. GE is Imagination at Work. For more information, visit the company's Web site at www.ge.com.
©2009 General Electric Company, All rights reserved.
Cristy Williams
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678.518.2596