Hoffman Estates, IL ― GE Capital's Commercial Distribution Finance (CDF) business today announced its completion of a $50 million credit facility for iGov.com, an information technology (IT) systems integrator for government customers. The facility will provide inventory floorplan, working capital and purchase order financing credit for existing and future federal government contracts.
Provides detailed, real-time monitoring of retail activity across large networks
HOFFMAN ESTATES, IL -- GE Capital, Commercial Distribution Finance (CDF), the leader in floorplan financing to thousands of dealers in North America, is enhancing its online business intelligence tool for technology distributors and manufacturers of large-ticket durable goods. Analytics Online provides detailed metrics and real-time reports on retailers in more than 10 industries, including marine, motorsports, electronics and appliances, and lawn and garden.
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GE Capital will provide inventory financing and working capital to security and data protection company Sophos Ltd. and their resellers in the Americas
Hoffman Estates, IL ― GE Capital's Commercial Distribution Finance (CDF) business announced today that it has entered into a new agreement with security and data protection company Sophos Ltd. to provide inventory financing and working capital to their resellers in the Americas. Since 2007, Sophos has sold its solutions exclusively via channel partners in the Americas.
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Announcement in advance of OPEESA Annual Meeting extends repayment terms by 60 days
HOFFMAN ESTATES, IL -- GE Capital's Commercial Distribution Finance (CDF) business today announced a new financing program for outdoor power equipment dealers in advance of the Outdoor Power Equipment and Engine Service Association (OPEESA) Annual Meeting in Palm Beach, FL Feb. 27-March 2. The new offering, called "Extra 60," will add 60 days to standard supplier financing terms. The programs are designed to help spur industry growth as the economy continues to recover.
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Manufacturers and dealers focus on inventory mix and smart growth
Hoffman Estates, IL -- After navigating through rough waters for several years, the marine industry is beginning to push forward on the throttle, according to survey results released today by GE Capital, Commercial Distribution Finance (CDF) from the Miami International Boat Show. More than one-third of respondents (38%) expect sales to increase up to five percent in 2011, and 54% said that the best time for dealers to increase inventory levels is now.
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CDF increases its floor plan financing and working capital credit facilities for technology solutions provider Nexus IS
Hoffman Estates, IL, Feb. 18, 2011 ― GE Capital's Commercial Distribution Finance (CDF) business today announced an increase to $80 million in the floor plan financing and working capital credit facilities for technology solutions provider Nexus IS.
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Outlook positive after big comeback in 2010
NORWALK, CT -- This year is expected to be another strong one for leveraged loans, said Sage Nakamura, managing director of loan syndications with GE Capital Markets, Inc. GE Capital, Americas is a leading provider of commercial loans and leases to mid-market businesses across diverse industries throughout the U.S., Canada and Mexico.
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Program will subsidize subscription cost of Spader True™, a comprehensive business performance application
HOFFMAN ESTATES, IL -- GE Capital, Commercial Distribution Finance (CDF) today announced the launch of a new program with Spader Business Management. Under the program, GE Capital is subsidizing a one-year subscription to Spader True™, an online system that allows qualified recreational vehicle (RV) dealers in the U.S. to compare their business performance against industry benchmarks on a wide variety of financial metrics.