GE Capital’s Commercial Distribution Finance (CDF) business says it is optimistic about the outlook for the RV industry and remains committed to providing flexible inventory financing (floorplan) products.
"RV sales are often tied to economic indicators such as housing," said Tim Hyland, commercial leader of the RV group within GE Capital’s Commercial Distribution Finance (CDF) business. "With housing starts and consumer confidence trending up and a steady demand for inventory, we have good reason to believe that the RV industry will experience growth next year.”
"Our involvement in the RV industry hasn’t wavered, and we’re proud of the long-term relationships we have with dealers and manufacturers," Hyland continued. "We’ve always offered our customers more than just capital. Our team has decades of experience in the RV industry and our Customer Online Management System helps customers manage their accounts by giving them valuable insights."
GE Capital, Commercial Distribution Finance provided nearly $32 billion in financing for more than 30,000 manufacturers, dealers and distributors across North America in 2011. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products.