PRZOOM - /newswire/ -
Hoffman Estates, IL, United States, 2011/03/02 - GE Capital’s Commercial Distribution Finance (CDF) business announced a renewed agreement with Porter, Inc. to provide floorplan financing options for dealers purchasing its Formula Boat brands. NYSE: GE
“As one of the premier boat builders in the world, we are pleased to offer GE’s financing program to our family of Formula dealers. We have been working with GE Capital for over 20 years as we value their commitment to the marine industry and their financing expertise,” said Scott Porter, Porter’s president. “In addition, they provide valuable market knowledge and data to help our dealers manage their businesses through market fluctuations.”
“Our relationship with leading boat brands like Formula is very important to us,” said Bruce Van Wagoner, president of CDF’s marine group. “We are pleased to be able to provide a customized financial solution to Formula’s dealers, and we are looking forward to continuing our long relationship with the Formula team.”
About Porter, Inc.
Porter Inc., maker of Formula Boats, has a 55-year legacy of producing award-winning premier products as well as a world-renowned reputation for superior quality, performance and design. Formula boats range in length from 24’ to 45’ and are manufactured in Decatur, IN.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance provided more than $30 billion in financing in 2010 to 30,000 manufacturers and their distributors across the Americas. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. For more information, visit americas.gecapital.com or follow company news via Twitter (@GEInventoryFin).
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital).
GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE (ge.com) operates in more than 100 countries and employs about 300,000 people worldwide.
Mark Chesney - GE Capital, Commercial Distribution Finance
P: +1 847 747 6518 / M: +1 847 544 9362 / E: Mark.Chesney1[.]ge.com.