Commercial Distribution Finance (CDF), a business of GE Capital
announced today it has extended its inventory financing program with
Branson Tractor, a tractor distribution company, through 2019. The
extension of the current agreement will be used to continue to support
wholesale floor plan financing of compact tractors, backhoes, loaders,
and mid-mount mowers.
Branson Tractor was founded in the US in 2003 and is owned by parent
company Kukje Machinery in South Korea, which has been servicing the
agriculture industry since 1968. Headquartered in Rome, Georgia, the
company also has warehouse, assembly and distribution centers in Texas
and Oregon. As Branson Tractor’s preferred-dealer financing provider,
CDF will be supporting all the dealerships in network in both the US and
Canada.
“Our relationship with CDF has provided Branson dealers with flexible
financing for well over a decade now. This efficient financing platform
allows Branson dealers to stock showrooms with inventory while enhancing
cash flows,” said Ted Kim, president of Branson Tractor. “Since we have
experienced significant growth over the last several years, we really
value having a lender with a thorough understanding of our industry, and
look forward to expanding this offering as more dealers are added to our
network in 2016.”
“We are excited to build upon our rich history with Branson and remain
committed to helping Branson dealers grow,” said Mike Horak, president
of CDF’s outdoor products group. “Our industry expertise and broad
relationships allow us to customize financing solutions and provide
best-in-class service to Branson and its network of dealers.”
About GE Capital, Commercial Distribution Finance
Commercial Distribution Finance (CDF) provided $46 billion in financing
for more than 40,000 dealers and more than 2,000 distributors and
manufacturers globally in 2014. CDF operates in 60 countries and
provides inventory financing solutions, service and intelligence through
in-depth industry expertise and commitment. Programs include inventory
and accounts receivable financing, asset-based lending, private label
financing, collateral management, and related financial products. On
October 13, 2015, Wells Fargo agreed to acquire CDF from GE Capital as
part of a larger transaction that is expected to close in the first
quarter of 2016. For more information, visit www.gecdf.com
or follow company news via Twitter (GEInventoryFin).
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world. www.ge.com
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