GE Capital, Corporate Finance today announced it provided $16 million in equipment financing to the Dutra Group, Inc. The funds refinance existing debt used to support the company’s marine fleet.
Headquartered in San Rafael, CA, the Dutra Group focuses on dredging and marine construction along the west coast, and produces and distributes aggregate materials to support construction projects primarily in northern California.
“The equipment finance specialists at GE Capital have worked with us for over 20 years to support our marine fleet and quarry equipment needs,” said Bill Dutra, CEO of Dutra Group. “What’s more, GE provides us with both financing solutions and access to best practices.”
“We work with clients to help maximize their financial flexibility and optimize cash flow,” said Eric Dusch, chief commercial officer, Equipment Finance, GE Capital, Corporate Finance. “Whether the need is for single units or large fleets of equipment, we customize solutions to help our customers meet their business goals.”About GE Capital, Corporate Finance GE Capital, Corporate Finance provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace and defense; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; energy; food and beverage; manufacturing; marine; metals and mining; paper, packaging and forest products; retail; and technology and electronics. With Access GE, clients also benefit from access to GE’s best practices to help build their business. Visit gelending.com/clnews or follow @GELendLease on Twitter. 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) 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. For more information, visit ge.com.