NewswireToday - /newswire/ -
Chicago, IL, United States, 2014/08/13 - GE Capital, Corporate Retail Finance announced it is providing financing to C&K Markets, an independent regional supermarket chain - GECapital.com. NYSE: GE
The funding will be used to support the company’s operations and expected growth as it implements a new customer experience strategy.
Headquartered in Brookings, OR, C&K Markets operates more than 40 grocery stores throughout Oregon and Northern California under the brands of Ray’s Food Place, Shop Smart and C&K Market. The company has new leadership, and is focused on enhancing its selection of locally sourced and organic grocery items, meats and produce.
“As we work to provide an improved experience and expanded food selection for our customers, we need to be working with a lender that really understands our business,” said Karl Wissman, president of C&K Markets. “We are grateful for GE Capital’s expertise during this very important stage in our development.”
“We look forward to working with C&K Markets as they implement an exciting new business plan,” said Rob McMahon, senior managing director at GE Capital, Corporate Retail Finance. “Our capabilities go beyond finance to provide our customers with insights and expertise that help them grow.”
About GE Capital, Corporate Retail Finance
GE Capital, Corporate Retail Finance (gelending.com) provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses expanding in North America, Asia and Europe. Funding may be provided through GE Capital, Corporate Retail Finance’s affiliate, GE Capital Bank, Member, FDIC. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace and defense; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; energy; food and beverage; manufacturing; marine; metals and mining; paper, packaging and forest products; retail; and technology and electronics. With Access GE, clients also benefit from access to GE’s best practices to help build their business.
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services. GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance.