GE Capital, Commercial Distribution Finance is Preferred Lender to American Boat Builders Association through 2018
July 07 2015 - 08:00AM
Business Wire
GE Capital, Commercial Distribution Finance (CDF) announced
today 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 has
been a preferred lender to ABA’s members since the organization’s
inception in 1992.
“We are happy to extend our mutually beneficial relationship
with CDF and look forward to growing with them in the years ahead,”
said Bill Yeargin, chairman of ABA and CEO of Correct Craft. “CDF
has been a trusted resource for many years and provides ABA
companies with much more than just inventory financing.”
The ABA’s board of directors has extended the agreement
designating CDF a preferred inventory financing provider to its
members through model year 2018. Those members, and their brands,
are as follows:
- Chaparral and Robalo Boats
- Cobalt Boats
- Correct Craft (Nautique Boat Company
and Fineline Industries (Centurion and Ski Supreme Boats) and
Arkansas Boat Company (Basscat Boats and Yarcraft Boats)
- Grady White Boats
- Nautic Global Group (Aqua Patio
Pontoons, Godfrey Pontoons, Hurricane Boats, Polarkraft Boats,
Rinker Boats, Sanpan Pontoons and Sweetwater Pontoons)
- Nautic Star Boats
- Porter, Inc. (Formula Boats)
- Regal Marine Industries
- S2 Yachts, Inc. (Tiara Yachts and
Pursuit Boats)
- Seabring Marine Industries (Monterey
Boats)
- Stingray Boats
- Tige Boats
“We are thrilled that the ABA has extended its financing program
with us, which is a testament to our longstanding relationship and
commitment with its members and the industry,” said Bruce Van
Wagoner, president of CDF’s marine group. “Our goal will be to
continue to provide the ABA with a value proposition that includes
reliable financing, business intelligence, integrated systems and
outstanding customer service that they have come to know and expect
over the last 20+ years.”
About The American Boat Builders Association
Based in Marietta, GA, the American Boat Builders Association is
a coalition of 12 leading independent U.S. boat manufacturers with
25 brands. ABA member companies have approximately 5,000 employees
in the U.S., with 17 facilities in eleven states. They produce more
than 15% of all the fiberglass boats greater than 16' built in
America. For more information, go to http://www.ababoats.com/.
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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GE CapitalTara Lambropoulos,
312-802-9712tara.lambropoulos@ge.com
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