GE Capital, Commercial Distribution Finance (CDF) announced today a
multi-year extension of its strategic inventory financing program in the
U.S. with Schiller Grounds Care. Schiller, a manufacturer of
landscaping, turf and grounds equipment, distributes its products
through thousands of dealers across the country. Schiller has worked
with CDF since 2009.
“The CDF team has provided tremendous value to our company through their
in-depth knowledge of the lawn and garden industry, their financing
experience and their business-intelligence offerings,” said Pat
Cappucci, president and COO of Schiller Grounds Care. “Additionally,
they have strong dealer and distributor relationships, making them the
ideal lender for us.”
Schiller Grounds Care is headquartered in Southampton, PA and operates a
manufacturing facility in Johnson Creek, WI. The company manufactures
products under the brands Classen, Little Wonder, Mantis, BOB-CAT, Ryan
and Steiner.
“We greatly value our relationship with Schiller and we are excited to
work closely with them as they plan for future growth,” said Mike Horak,
president of the outdoor products group at CDF. “Our team brings decades
of experience in the lawn and garden industry and will serve as a
trusted resource for Schiller.”
Inventory financing, also known as floorplan financing, enables dealers
to stock a broad selection of new and used product. Manufacturers and
distributors benefit from enhanced product flow and increased sales
opportunities, and dealers obtain improved terms and credit availability.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance provided $36 billion in
financing for more than 30,000 dealers and more than 3,000 distributors
and manufacturers in the U.S. and Canada in 2014. Programs include
inventory and accounts receivable financing, asset-based lending,
private label financing, collateral management and related financial
products. For more information, visit gecdf.com
or follow company news via Twitter (GEInventoryFin).
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In its labs and factories and on the ground with customers, GE is
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world. www.ge.com
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