New research from GE Capital shows that businesses are now using several criteria to monitor the cost effectiveness of their fleet but they may be failing to account for the total cost of running a fleet, leading to unexpected financial costs at the end of the year.
GE Capital, one of Europe's leading providers of asset based lending, today announced that it has provided Baird Group Limited subsidiaries, BMB Clothing Ltd and Worth Valley Menswear Ltd, with £17 million of facilities to support the company's future growth plans. The facilities, comprising confidential invoice discounting and a revolving stock loan, are expected to provide up to £113 million a year of working capital to the company, in volume terms, over the first year.
GE Capital today announced that all 25 teams who were entered by the company successfully took part in the London Triathlon sprint team relay.
The event, hosted at Londons ExCel Centre over the weekend, saw more than 12,000 professional and amateur entrants compete in a series of Triathlon races. Saturday's sprint team relay saw GE Capital staff, clients and introducers, including MCR, Altro, Wilkins Kennedy, Mayer Brown International LLP and Baker Tilly, competing.
NORWALK, Conn.--Wednesday, July 28, 2010-- GE Capital, Corporate Finance today announced it is collateral agent for a $120 million asset-based credit facility to Ocean Beauty Seafoods, LLC, one of the largest seafood companies in the Pacific Northwest. GE Capital Markets served as joint lead arranger.
Funding allows for the acquisition of eight BURGER KING units in Medford, Oregon
SCOTTSDALE, Ariz.--Tuesday, July 27, 2010-- GE Capital, Franchise Finance is providing $8.4 million in financing to Ghai Management Services, Inc., a BURGER KING® franchisee based in Fremont, California. The funds will be used to acquire eight BURGER KING fast food restaurants. Financing was provided through the GE Capital, Franchise Finance bank affiliate, GE Capital Financial Inc.
STAMFORD, Conn. & FOLSOM, Calif.--Monday, July 26, 2010-- SynapSense Corporation, whose technology improves energy efficiency and cuts power and cooling costs in data centers, announced today that it is deepening its relationship with GE (NYSE: GE) by securing an investment and commercial partnership as part of a focus on digital energy services, the Smart Grid and ecomagination.
Consumer Financing Program Available Through 4,000+ ACCA Contractors Nationwide
KETTERING, OH and ARLINGTON, VA --- July 21, 2010 --- GE Money, the consumer lending Unit of General Electric Company (NYSE:GE - News), announced a multi-year agreement to provide the GE Money Home DesignSM consumer financing program through the Air Conditioning Contractors of America (ACCA), the nation's largest association of professional environmental systems contractors.
