GE Capital Provides $16 Million in Marine Fleet Financing to the Dutra Group, Inc.
GE Capital, Corporate Finance today announced it provided $16 million in
equipment financing to the Dutra Group, Inc. The funds refinance
existing debt used to support the company’s marine fleet.
Headquartered in San Rafael, CA, the Dutra Group focuses on dredging and
marine construction along the west coast, and produces and distributes
aggregate materials to support construction projects primarily in
northern California.
“The equipment finance specialists at GE Capital have worked with us for
over 20 years to support our marine fleet and quarry equipment needs,”
said Bill Dutra, CEO of Dutra Group. “What’s more, GE provides us with
both financing solutions and access to best practices.”
“We work with clients to help maximize their financial flexibility and
optimize cash flow,” said Eric Dusch, chief commercial officer,
Equipment Finance, GE Capital, Corporate Finance. “Whether the need is
for single units or large fleets of equipment, we customize solutions to
help our customers meet their business goals.”
About GE Capital, Corporate Finance
GE
Capital, Corporate Finance provides asset-based, cash flow and
structured loans and leases to mid-size and large U.S. businesses.
Financing supports working capital, growth, acquisitions, turnarounds
and balance sheet optimization in key sectors: Aerospace and defense;
automotive and transportation; chemicals and plastics; construction and
building products, corporate aircraft; energy; food and beverage;
manufacturing; marine; metals and mining; paper, packaging and forest
products; retail; and technology and electronics. With Access GE,
clients also benefit from access to GE’s best practices to help build
their business. Visit gelending.com/clnews
or follow @GELendLease
on Twitter.
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) works on
things that matter. The best people and the best technologies taking on
the toughest challenges. Finding solutions in energy, health and home,
transportation and finance. For more information, visit ge.com.
