HOFFMAN ESTATES, Ill. – GE Capital’s Commercial Distribution Finance business today announced two new initiatives designed to demonstrate a commitment to the trailer industry.
First, the company launched a new financing program for dealers of all types of trailers that will extend suppliers’ standard financing terms by 60 days; this includes dealers in the cargo, race car, horse, marine, dump and flatbed markets, among others.
Second, CDF recently became a member of the North American Trailer Dealer Association.
"After listening to our manufacturer customers, we’ve decided to offer this new promotional financing program," Marvin Solomon, managing director for CDF’s strategic industries group, said in a release. "Our goal is to create an environment in which dealers can feel more comfortable building inventory. We think it will be an effective way to help trailer manufacturers grow their business by adding to their dealer base."
The "Extra 60" promotion will add 60 days to suppliers’ terms for all dealer invoices purchased within the first 30 days from the credit activation date and financed via CDF. The promotion is available to new and current dealers that add additional product or brand lines; it is in effect until June 30.
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