GE Capital, Commercial Distribution Finance (CDF) announced today a
multi-year extension of its strategic inventory financing program with
Scag Power Equipment. CDF has worked with Scag, a manufacturer of
lawnmowers and debris handling equipment, since 1997.
Headquartered in Mayville, WI, Scag sells its products through an
independent network of dealers and distributors in North America. CDF’s
inventory financing enables Scag’s network to stock the optimal amount
of product to sell to consumers.
“We’ve counted on CDF for many years to provide us with the financing we
need to keep growing, and we know they will continue to help us achieve
our business goals,” said John Crowson, president of Scag Power
Equipment. “We find it extremely valuable to work with a lender who
understands our industry and business model and can provide us the
financing we need to grow.”
“We value our long-term relationship with Scag and its distributor and
dealer network and are very pleased to continue the relationship,” said
Mike Horak, president of the outdoor products group at CDF. “We
specialize in helping our customers grow with flexible financing and a
team of industry experts.”
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).
GE (NYSE: GE) imagines things others don’t, builds things others can’t
and delivers outcomes that make the world work better. GE brings
together the physical and digital worlds in ways no other company can.
In its labs and factories and on the ground with customers, GE is
inventing the next industrial era to move, power, build and cure the
world. www.ge.com
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