HOFFMAN ESTATES, Ill. – GE Capital Solutions, Commercial Distribution Finance recently signed a multi-year contract renewal with the American Boatbuilders Association, it reported in a statement this week.
“We have been working with GE since 1993, and we value their commitment to the marine industry and their financing expertise. In addition to providing financing, GE’s market knowledge and data provides invaluable information to help our members manage their businesses through market fluctuations,” said ABA President Jay Patton.
GE said it currently finances a significant portion of the domestic floorplan financing for the association, which is a coalition of 12 independent U.S. boat manufacturers.
"ABA is thrilled to have GE as our lending partner. Their unique ability to bring more to the relationship that directly benefits our members is a big differentiator,” said David Slikkers, CEO of S2 Yachts, Inc., builder of Tiara Yachts and Pursuit Boats.
GE has provided eight best practice sharing events to ABA members at no cost in recent times on topics such as management development, Lean manufacturing, production, and human resources.
“Our relationship with the ABA is very important to us, as all of the members are also our valued customers,” said Bruce Van Wagoner, president of GE Capital Solutions’ Marine Group. “We strive to not only provide customized financial solutions to ABA members, but also deliver added-value benefits such as sharing GE best practices to help ABA members navigate their business through all economic cycles.”
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