Velocity Vehicle Group has hired Howard Shiebler to lead Crossroads Equipment Leasing and Finance, LLC.“Howard brings a leadership and entrepreneurship background that will help us grow and diversify our Crossroads business,” said Brad Fauvre...
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January 13, 2017, 07:10 AM
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Wells Fargo & Company announced that Henry Jordan, the chairman and chief executive officer of Wells Fargo Capital Finance, will retire on December 31, 2016. Following Jordan’s retirement, Wells Fargo Capital Finance will join Wells Fargo Commercial...
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October 25, 2016, 07:25 AM
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Wells Fargo & Company announced that it has completed the purchase of the North American portions of GE Capital’s Commercial Distribution Finance and Vendor Finance businesses as well as a portion of its Corporate Finance business, totaling $27.4...
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March 02, 2016, 08:01 AM
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Commercial Distribution Finance (CDF), a business of GE Capital announced 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...
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January 14, 2016, 07:40 AM
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Optimism among dealers and other industry participants in the outlook for the recreational vehicle (RV) industry continued to increase from prior years, according to annual survey results released today by Commercial Distribution Finance (CDF), a...
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December 29, 2015, 07:04 AM
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Commercial Distribution Finance (“CDF"), a business of GE Capital, announced that Arctic Cat, a leading manufacturer of recreational products, has chosen CDF as an exclusive provider for dealer inventory financing across North America. The financing...
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December 18, 2015, 07:12 AM
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Commercial Distribution Finance (CDF), a business of GE Capital, announced it has renewed its joint venture in the U.S. and extended the term of the Canadian program with Polaris Industries, a global sales leader in the powersports industry, through...
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December 08, 2015, 12:00 PM
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MarineMax, the nation’s largest recreational boat retailer, announced that it has expanded its financing facility to provide for borrowings of up to $260 million from the previous limit of $235 million.The expanded facility has a three-year term...
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November 06, 2015, 06:24 AM
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Wells Fargo & Company announced that it has signed an agreement to purchase GE Capital’s Vendor Finance and Commercial Distribution Finance platforms as well as a portion of its Corporate Finance business. The acquisition includes total assets of...
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October 14, 2015, 07:10 AM
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GE has reached an agreement to sell GE Capital’s global Commercial Distribution Finance, North American Vendor Finance and Corporate Finance platforms to Wells Fargo. The sale includes ending net investment (ENI) of approximately $30 billion (about...
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October 13, 2015, 11:05 AM
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Shipments and retail registrations of recreational vehicles (RVs) are both up, according to data from the Recreational Vehicle Industry Association (RVIA) and Statistical Surveys Inc. (SSI). These metrics have positive implications for the RV...
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September 23, 2015, 06:56 AM
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Bloomberg reported KKR & Co. and Apollo Global Management are seeking to acquire GE's inventory finance arm, a unit with $11 billion in assets people familiar with the matter said.According to Bloomberg, the buyout firms made bids two weeks ago for...
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September 14, 2015, 07:07 AM
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GE Capital Commercial Distribution Finance (CDF) announced that it has been selected by Bush Hog, Inc., a leading North American manufacturer of rotary cutters, to provide financing solutions to its U.S. dealer network. CDF will provide Bush Hog...
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August 20, 2015, 07:05 AM
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GE Capital Commercial Distribution Finance (CDF) announced that it has extended its inventory financing agreement with Wright Manufacturing, Inc., a producer of commercial lawn mowers. The financing will be used for its network of dealers and...
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August 19, 2015, 07:10 AM
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GE Capital Commercial Distribution Finance has renewed its strategic inventory finance program with generator manufacturer Generac Power Systems, Inc. The funding will be used to stock Generac’s network of independent dealers with its products....
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August 12, 2015, 06:49 AM
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Commercial Distribution Finance (CDF), a division of GE Capital, announced that its joint inventory-financing venture with Brunswick Corporation, Brunswick Acceptance Company (BAC), has been extended through 2019.BAC provides boat dealers with a...
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August 07, 2015, 07:00 AM
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The powersports industry, which includes motorcycles, all-terrain vehicles (ATV), utility-terrain vehicles (UTVs), snowmobiles, and personal watercraft, is robust and continues to grow according to dealer performance data from Commercial Distribution...
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July 29, 2015, 07:07 AM
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Commercial Distribution Finance (CDF), a division of GE Capital, announced that it has extended its strategic inventory finance program with outdoor power equipment manufacturer Husqvarna Group. The program goes to market as Husqvarna Financial...
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July 24, 2015, 06:56 AM
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GE Capital, Commercial Distribution Finance (CDF) announced 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...
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July 16, 2015, 07:00 AM
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GE Capital, Commercial Distribution Finance (CDF) announced that it has extended its inventory financing agreement with the American Boat Builders Association (ABA), a major buying group for independent boat builders in the U.S., through 2018. CDF...
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July 10, 2015, 06:34 AM
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GE Capital, Commercial Distribution Finance (CDF announced it has launched Dealer Insights, an online portal designed to give motorsports dealers relevant information on inventory, demographics and financing to help guide business decisions. Pulling...
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March 24, 2015, 06:52 AM
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Nearly 80 percent of marine industry participants expect sales to increase between five and ten percent this year, according to survey results released today by GE Capital, Commercial Distribution Finance (CDF). That’s up from 54 percent who expected...
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February 26, 2015, 07:00 AM
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GE Capital, Commercial Distribution Finance (CDF) has named Steve Battreall president and CEO, effective immediately. Battreall, a 28-year GE veteran, was previously the chief commercial officer at CDF, providing oversight to the commercial...
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February 05, 2015, 06:46 AM
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Optimism remains high in the recreational vehicle (RV) industry, according to survey results released today by GE Capital’s Commercial Distribution Finance (CDF) business. Forty-one percent of survey respondents said they expect sales to rise 5...
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December 12, 2014, 07:12 AM
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While seasonal weather patterns in 2014 have had a larger-than-normal impact on the lawn and garden industry, GE Capital’s Commercial Distribution Finance business, a leading provider of financing to the lawn and garden industry, says the industry...
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October 23, 2014, 06:00 AM
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GE Capital, Commercial Distribution Finance (CDF) announced it has significantly expanded its inventory financing program with MarineMax, the nation’s largest boat dealer, and extended its duration through 2017. The $235 million facility will allow...
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September 18, 2014, 06:31 AM
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The recreational vehicle (RV) industry continues to experience strong and steady growth, according to performance data from GE Capital, Commercial Distribution Finance (CDF), a major provider of financing to the industry. Early headwinds this year...
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September 12, 2014, 06:17 AM
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The motorsports industry, which includes motorcycles, all-terrain vehicles (ATV), utility-terrain vehicles (UTVs), snowmobiles, and personal watercraft, is healthy and growing, according to performance data from GE Capital, Commercial Distribution...
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September 05, 2014, 07:00 AM
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GE Capital’s Commercial Distribution Finance (CDF) business sees positive trends in the Canadian motorsports and recreational vehicle (RV) industries through the first half of the year, while the marine industry is experiencing a slight slowdown...
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September 02, 2014, 06:57 AM
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After a slow start resulting from a harsh winter and cold spring, the recreational marine industry is experiencing accelerated growth, says GE Capital, Commercial Distribution Finance (CDF). Retail and wholesale sales are up versus a year ago in the...
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August 15, 2014, 07:00 AM
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GE Capital Commercial Distribution Finance (CDF) announced it will provide inventory financing to manufacturers Wolf Brand Scooters and Oreion Motors. Wolf Brand Scooters, based in Clearwater, FL, offers affordable scooters made with cutting-edge...
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July 24, 2014, 06:44 AM
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GE Capital, Commercial Distribution Finance (CDF) announced it has extended its inventory financing program with Bass Pro Shops through 2018. Bass Pro Shops, which owns boat manufacturer Tracker Marine Group, will use CDF funding to stock Tracker...
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July 11, 2014, 06:19 AM
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Dealers, manufacturers and suppliers of agriculture equipment are expecting a better or similar harvesting season compared to last year, which should positively impact equipment sales, according to survey results released today by GE Capital’s...
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July 10, 2014, 06:00 AM
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GE Capital’s Commercial Distribution Finance (CDF) business announced today that it will begin providing floorplan financing to dealers that stock Sharp Electronics Corp.’s office imaging (OI) equipment. CDF has been providing financing to Sharp’s...
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June 27, 2014, 07:00 AM
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Implemented in less than seven months, CALMS has automated application submissions and decisioning one hundred percent for Exeter’s recently-launched Strategic Originations Channel. The new system gives Exeter a competitive advantage in recruiting...
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June 17, 2014, 06:15 AM
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GE Capital, Commercial Distribution Finance (CDF) is expanding the pool of working capital financing available to small and middle market information technology (IT) solution providers. With secured lending from a reliable liquidity source...
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June 12, 2014, 06:50 AM
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GE Capital's Commercial Distribution Finance (CDF) business announced it has extended its strategic floorplan financing agreement with Independent Boat Builders, Inc. (IBBI), a major boat manufacturer buying group, in the U.S. and Canada. The program...
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June 03, 2014, 05:30 AM
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Dealers of recreational vehicles (RVs) are increasing their inventory levels this year in anticipation of a strong selling season, according to GE Capital’s Commercial Distribution Finance (CDF) business, a leading provider of financing to the...
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March 19, 2014, 06:24 AM
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Mini buses, limo buses and coaches are expected to be in high demand by specialty vehicle buyers in 2014, according to a new survey by GE Capital, Commercial Distribution Finance (CDF). CDF is a major provider of financing for manufacturers and...
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March 07, 2014, 06:48 AM
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More than half (54.7 percent) of marine industry participants expect sales to increase five percent to 10 percent this year, according to survey results released today by GE Capital, Commercial Distribution Finance (CDF). That’s up from the 43...
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March 03, 2014, 06:15 AM
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GE Capital, Commercial Distribution Finance (CDF) has been selected by Dell Financial Services (DFS) as a financing source for channel partners selling Dell products and services. In addition to select countries in North America and Europe where...
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February 05, 2014, 07:05 AM
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GE Capital, Commercial Distribution Finance (CDF) is optimistic about further growth in 2014 in financing the music equipment industry in advance of the National Association of Music Merchants’ (NAMM) annual winter show.“It’s important for us to be...
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January 24, 2014, 06:15 AM
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GE Capital’s Commercial Distribution Finance (CDF) business announced that it has been named the preferred inventory financing provider for Visionary Motorsports Ltd., expanding a relationship that began in 2008.Based in Edmonton, AB, Visionary is...
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December 10, 2013, 06:41 AM
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Marine manufacturers and dealers are upbeat about their industry as the U.S. selling season comes to a close, according to GE Capital's Commercial Distribution Finance (CDF) business.The positive sentiment is expected to be reflected in the mood at...
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November 15, 2013, 07:30 AM
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The motorsports industry is positive about sales trends and excited about new product introductions, according to a survey conducted by GE Capital, Commercial Distribution Finance (CDF). Thirty-seven percent of respondents anticipate sales growth of...
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November 13, 2013, 06:46 AM
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GE Capital’s Commercial Distribution Finance (CDF) business announced that it will provide inventory financing to dealers affiliated with Massimo Motor. Based in Irving, TX, Massimo distributes a range of motorsports products, including all-terrain...
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November 06, 2013, 07:00 AM
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GE Capital’s Commercial Distribution Finance (CDF) business will exhibit at the inaugural American International Motorcycle Expo (commonly called AIMExpo), which kicks off Oct. 16th in Orlando, FL. Billed as the motorsports industry’s first...
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October 15, 2013, 06:27 AM
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GE Capital’s Commercial Distribution Finance (CDF) business announced that it plans to expand its inventory financing capabilities and coverage of the commercial foodservice and refrigeration industries across the U.S. and Canada. CDF has been...
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October 03, 2013, 06:56 AM
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Recreational vehicle (RV) manufacturers are seeing double-digit growth and RV dealers are selling through products at an increasing rate, said GE Capital, Commercial Distribution Finance (CDF). That’s consistent with the positive activity seen in the...
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September 05, 2013, 07:00 AM
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