$80 million credit line supports growth, improves responsiveness during peak buying seasons
CHICAGO, IL ― GE Capital's Commercial Distribution Finance (CDF) business announced today an increase in the floorplan and working capital credit facility for Claremont, N.H.-based Red River, a company that specializes in providing information technology (IT) hardware integration, maintenance and support services to the U.S. government.
Forty-three percent expect increases of 5%-10% due to growing consumer demand
CHICAGO, IL --- Four years after the height of the economic downturn, participants in the recreational vehicle (RV) industry in the U.S. and Canada believe they're heading in the right direction, according to survey results released today by GE Capital's Commercial Distribution Finance (CDF) business.
Provides dealer financing as motorcycle industry icon expands production of new high-performance cycles
CHICAGO, IL --- GE Capital's Commercial Distribution Finance (CDF) business announced today that it has been chosen as the first provider of inventory financing to Erik Buell Racing LLC (EBR). Based in East Troy, WI, the company was started by noted motorcycle racer and designer Erik Buell in 2009. Its first model is the EBR 1190RS.
70+ percent of survey respondents expect sales to grow in 2013
CHICAGO, IL --- Participants in the lawn and garden industry are relatively optimistic about growing sales during the next selling season --- and they generally believe that this is a good time for dealers to start stocking more inventory, according to survey results released today by GE Capital, Commercial Distribution Finance (CDF).
MISSISSAUGA, ON -- GE Capital's Commercial Distribution Finance (CDF) business recently released its assessment of volume and aging trends in the Canadian recreational vehicle (RV), motorsports and marine industries through the end of the Canadian selling season. Among the key findings are that the age of inventory held by RV and motorsports dealers decreased year-over-year through September, while the age of inventory held by marine dealers held steady.
Agricultural equipment dealerships in U.S. and Canada may benefit from preferred credit program
CHICAGO, IL -- GE Capital, Commercial Distribution Finance (CDF) has been selected by Vermeer Corporation as a preferred provider of floorplan financing for its agricultural equipment distribution network in the U.S. and Canada. Headquartered in Pella, IA, Vermeer develops and manufactures a variety of equipment for use in agriculture as well as other industries, including construction, landscaping, mining and tree care.
Event kicks off today in Louisville, KY
CHICAGO, IL ― As the annual Green Industry and Equipment Expo (GIE+Expo) kicks off today in Louisville, KY, GE Capital's Commercial Distribution Finance (CDF) business said it is optimistic about the outlook for the lawn and garden industry.
Helps new U. S. manufacturer of performance bikes build distribution network
CHICAGO -- GE Capital's Commercial Distribution Finance (CDF) business has agreed to provide Motus Motorcycles with inventory financing to support the expansion of its dealer network in the U.S.
The Birmingham, AL-based manufacturer was founded four years ago to produce premium American-made sport-touring motorcycles. Recently, Motus launched production plans for the 2013 line, its first model year.
GE's Developing Health Program Provides Grant Money and Skilled Volunteers to Help Area Non-Profits Expand their Reach
CHICAGO -- Chicago Department of Public Health Commissioner Dr. Bechara Choucair gathered with employees and leadership from GE today at Howard Brown Health Center to celebrate the accomplishments of five non-profit organizations and the efforts of several outstanding volunteers one year into a two-year, $1.25 million grant program awarded by the GE Foundation in 2011.
