Commercial Distribution Finance and Husqvarna Group Extend Strategic Inventory Finance Program
July 23 2015 - 8:00AM
Business Wire
Commercial Distribution Finance (CDF), a division of GE Capital,
announced today that it has extended its strategic inventory
finance program with outdoor power equipment manufacturer Husqvarna
Group. The program goes to market as Husqvarna Financial Services,
which was established in 2005 to provide inventory financing to the
thousands of dealers who sell Husqvarna products.
Husqvarna, headquartered in Charlotte, NC, manufactures consumer
and commercial lawnmowers, trimmers, brush cutters, chainsaws, snow
blowers and ground care equipment. Husqvarna Financial Services is
a private-label program set up through CDF, which has a dedicated
national account management team servicing the needs of Husqvarna
and its distribution network.
“We value the innovative financial programs that CDF offers, and
Husqvarna Financial Services gives our dealers the financing and
support they need to be successful, “ said Jeff Dewosky, vice
president and general manager of Husqvarna North America. “We also
appreciate that the CDF team proactively solicits feedback from our
dealers and works closely with them to make adjustments when
needed.”
“Husqvarna Financial Services is a great example of how we work
closely with our customers to create custom programs that meet the
needs of both the manufacturer and the dealers,” said Mike Horak,
president of the outdoor products group at CDF. “We are pleased to
extend the program and will continually strive to provide a
best-in-class customer experience for Husqvarna and its
dealers.”
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
can’t and delivers outcomes that make the world work better. GE
brings together the physical and digital worlds in ways no other
company can. In its labs and factories and on the ground with
customers, GE is inventing the next industrial era to move, power,
build and cure the world. www.ge.com
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GE CapitalTara Lambropoulos,
312-802-9712tara.lambropoulos@ge.com
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