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.
The Extra 60 promotion will add 60 days to the end of the supplier terms for all dealer invoices purchased within the first 30 days from the credit activation date and financed through CDF. The promotion is available to new dealers and current dealers that add product or brand lines. It is in effect until June 30, 2011.
“We are very excited to offer this additional promotional program, ” said Marvin Solomon, managing director of CDF’s outdoor products group. “We’ve listened to our manufacturer customers and have provided them with a promotion that will enable dealers to feel more comfortable about building inventory. We think this will help them to grow their businesses by adding customers.”
CDF provides financing for the purchase of products from a variety of lawn and garden manufacturers. Dealers are encouraged to speak with their CDF representative to obtain complete offer details. To apply, dealers may call 800-451-5944 or visit the CDF website: sec.cdfconnect.com/surf/si.
Additionally, OPEESA attendees are invited to hear Caroline Steele, GE Capital’s growth and innovation leader, speak on Monday, Feb. 28, 10:15 AM-noon.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance provided more than $30 billion in financing to 30,000 manufacturers and their distributors across the Americas in 2010. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. For more information, visit americas.gecapital.com or follow company news via Twitter (@GEInventoryFin).
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital).
GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Website at ge.com.
Mark Chesney, GE Capital, Commercial Distribution Finance
P: +1 847 747 6518 / +1 847 544 9362 (mobile) - E: Mark.Chesney1[.]ge.com.