GE Capital Extends Multi-Year Financing Agreement for Schiller Grounds Care
June 24 2015 - 08:00AM
Business Wire
GE Capital, Commercial Distribution Finance (CDF) announced
today a multi-year extension of its strategic inventory financing
program in the U.S. with Schiller Grounds Care. Schiller, a
manufacturer of landscaping, turf and grounds equipment,
distributes its products through thousands of dealers across the
country. Schiller has worked with CDF since 2009.
“The CDF team has provided tremendous value to our company
through their in-depth knowledge of the lawn and garden industry,
their financing experience and their business-intelligence
offerings,” said Pat Cappucci, president and COO of Schiller
Grounds Care. “Additionally, they have strong dealer and
distributor relationships, making them the ideal lender for
us.”
Schiller Grounds Care is headquartered in Southampton, PA and
operates a manufacturing facility in Johnson Creek, WI. The company
manufactures products under the brands Classen, Little Wonder,
Mantis, BOB-CAT, Ryan and Steiner.
“We greatly value our relationship with Schiller and we are
excited to work closely with them as they plan for future growth,”
said Mike Horak, president of the outdoor products group at CDF.
“Our team brings decades of experience in the lawn and garden
industry and will serve as a trusted resource for Schiller.”
Inventory financing, also known as floorplan financing, enables
dealers to stock a broad selection of new and used product.
Manufacturers and distributors benefit from enhanced product flow
and increased sales opportunities, and dealers obtain improved
terms and credit availability.
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).
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version on businesswire.com: http://www.businesswire.com/news/home/20150624005135/en/
GE CapitalTara Lambropoulos,
312-441-7854tara.lambropoulos@ge.com
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