Commercial Distribution Finance Extends Dealer Financing Agreement with Wright Manufacturing, Inc.
August 18 2015 - 8:00AM
Business Wire
Commercial Distribution Finance (CDF), a business of GE Capital,
announced today 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 distributors to stock its products.
Founded in 1981, Wright invented the stand-on lawn mower and
manufactures a complete line of commercial stand-on, walk behind
and mid-mount zero turn mowers that are distributed world-wide.
Wright is headquartered in Frederick, MD and has been a CDF
customer since 2003.
“We value the expertise of the CDF team and are pleased to
extend our financing agreement,” said Bill Wright, CEO of Wright
Manufacturing. “In addition, CDF’s online inventory management
system really helps our dealers manage their business, which is a
tremendous asset.”
“We look forward to continuing our relationship with Wright and
its dealer network,” said Mike Horak, president of CDF’s outdoor
products group. “We are committed to helping dealers with
investment in tools and products that help them more efficiently
run their business.”
About 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. For more information,
visit gecdf.com or follow company news via Twitter
(GEInventoryFin).
GE (NYSE:GE) imagines things others don’t, builds things others
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company can. In its labs and factories and on the ground with
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GE CapitalTara Lambropoulos,
312-802-9712tara.lambropoulos@ge.com
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