GE Capital's Commercial Distribution Finance (CDF) business announced today it has signed an enhanced strategic floorplan financing agreement with Independent Boat Builders, Inc. (IBBI), a major U.S. boat manufacturer buying group. The program covers 21 manufacturers that sell more than 40 brands. Cumulatively, IBBI manufacturers sell more boats in the U.S. than any other entity.

The new program provides qualified IBBI boat brand dealers in the U.S and Canada with special vendor-subsidized financing programs and terms as well as a dedicated staff with extensive marine industry experience that's committed to providing world-class customer service. Additionally, dealers will have access to COMS, CDF's proprietary online inventory finance management tool, and Analytics Online, which provides crucial information and insights about inventory finance management.

"IBBI member products are turning quickly at retail and GE Capital is excited to announce a new agreement with this well-established group," said Bruce Van Wagoner, president of CDF's marine group. "This strategic program helps dealers manage their cash flow more efficiently as they acquire and stock the inventory they need to realize sales of the IBBI brands they represent."