GE increases dealers’ credit lines
HOFFMAN ESTATES, Ill. – GE Capital Solutions Commercial Distribution Finance (CDF) will increase 1,400 marine dealers’ credit lines on average by 25 percent, it reported in a recent statement. The credit line increases total over $500 million and represent the largest mass increase in CDF history, according to GE.
“The credit line increases are just one more way we can demonstrate our strong commitment to our customers and the marine industry,” said Bruce Van Wagoner, president of CDF’s Marine unit. “We are optimistic about the future of the marine industry and will continue to support future growth in every way we can.”
Current GE Capital Solutions CDF dealers meeting pre-determined criteria will receive a mailing detailing their new credit lines, effective immediately, the company stated.
GE Capital Solutions Commercial Distribution Finance provides specialized financing products and services, including inventory financing, accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products.
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