NewswireToday - /newswire/ -
Chicago, IL, United States, 2015/07/15 - GE Capital, Commercial Distribution Finance (CDF) announced a multi-year extension of its strategic inventory financing program with Scag Power Equipment - Scag.com / GECDF.com. NYSE: GE
CDF has worked with Scag, a manufacturer of lawnmowers and debris handling equipment, since 1997.
Headquartered in Mayville, WI, Scag sells its products through an independent network of dealers and distributors in North America. CDF’s inventory financing enables Scag’s network to stock the optimal amount of product to sell to consumers.
“We’ve counted on CDF for many years to provide us with the financing we need to keep growing, and we know they will continue to help us achieve our business goals,” said John Crowson, president of Scag Power Equipment. “We find it extremely valuable to work with a lender who understands our industry and business model and can provide us the financing we need to grow.”
“We value our long-term relationship with Scag and its distributor and dealer network and are very pleased to continue the relationship,” said Mike Horak, president of the outdoor products group at CDF. “We specialize in helping our customers grow with flexible financing and a team of industry experts.”
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance (gecdf.com) provided $36 billion in financing for more than 30,000 dealers and more than 3,000 distributors and manufacturers in the U.S. and Canada in 2014. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products.
GE (ge.com) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world.