NewswireToday - /newswire/ -
Chicago, IL, United States, 2015/08/11 - Commercial Distribution Finance (CDF), a business of GE Capital, announced today that it has renewed its strategic inventory finance program with generator manufacturer Generac Power Systems, Inc. - Generac.com / GECDF.com. NYSE: GE
The funding will be used to stock Generac’s network of independent dealers with its products.
Headquartered in Waukesha, WI, Generac (generac.com) is a leading producer of in-home back-up generators. It also manufactures portable, residential, commercial and industrial generators, manual and automatic transfer switches, and accessories for back-up power applications. Generac has been a CDF customer since 1997.
“CDF has done a tremendous job of servicing our dealers over the years and we are pleased to extend our agreement,” said Derik Gatzke, vice president of sales, Generac Power Systems, Inc.
“We have a great relationship with Generac and its dealer network, and this extension is a reflection of that,” said Mike Horak, president of CDF’s outdoor power business. “We look forward to continuing this relationship and supporting their dealers.”
About Commercial Distribution Finance (CDF)
Commercial Distribution Finance (gecdf.com) provided $46 billion in financing for more than 40,000 dealers and more than 2,000 distributors and manufacturers globally in 2014. CDF operates in 60 countries and provides inventory financing solutions, service and intelligence through in-depth industry expertise and commitment. 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.