PRZOOM - /newswire/ -
Chicago, IL, United States, 2014/01/23 - 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 - GECDF.com. NYSE: GE
“It’s important for us to be at NAMM, the world's largest and most important show of its kind, to support the industry,” said David S. Wilson, commercial leader of CDF’s diversified products group, which provides inventory financing for dealers of music instruments and related products. “In addition, it’s an unparalleled opportunity for us to meet face-to-face with our customers. We wouldn’t miss it.”
Despite slight improvements in U.S. macro-economic indicators and the retail environment, CDF experienced double-digit volume growth in its music portfolio last year by virtue of its dedicated industry specialists and long-time focus on the space.
“We’ve increased our commitment to the industry by expanding our team of sales representatives,” Wilson added,“and extended our programs to give customers additional financing options that match up with their seasonal cash flows. In 2014, we expect to see plenty of opportunities to help our customers grow by offering the unique breadth of services and expertise that GE can provide.”
GE Capital will be exhibiting at booth #409 at Winter NAMM, which will be held Jan. 23-26 at the Convention Center in Anaheim, CA. To learn more about the event, go to namm.org/thenammshow/2014.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance (gecdf.com) provided $34 billion in financing for more than 30,000 dealers and more than 3,000 distributors and manufacturers in the U.S. and Canada in 2013. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products.
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services.
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.