GE Capital’s Commercial Distribution Finance (CDF) business announced today that it has extended its relationship with the American Boat Builders Association (ABA), a major buying group for independent boat builders in the U.S. GE Capital has been a preferred lender to ABA’s members since the organization’s inception in 1992. “GE Capital has been far more than a lender to our members,” said Jay Patton, its president. “Over the years, this relationship has also brought tremendous value through their Access GE program, which shares insights that help our members run their businesses. We look forward to GE Capital’s continued engagement.” The ABA’s board of directors has extended the agreement designating GE Capital a preferred inventory financing provider to its members through model year 2016. Those members, and their brands, are as follows:
- Chaparral Boats, Inc.,
- Cobalt Boats, LLC,
- Grady White Boats, Inc.,
- Nautic Global Group, Inc. (Rinker, Hurricane, Sanpan, Sweetwater, Aquapatio, PolarKraft, Partikraft),
- Nautique Boat Co.,
- Porter, Inc. (Formula, Thunderbird),
- Regal Marine Industries, Inc.,
- Robalo Boats, LLC,
- Seabring Marine Industries, Inc. (Monterey),
- S2 Yachts, Inc. (Tiara, Pursuit) and
- Stingray Boat Co.
About The American Boat Builders AssociationBased in Marietta, GA, the American Boat Builders Association is a coalition of 12 leading independent U.S. boat manufacturers. ABA member companies have approximately 5,000 employees in the U.S., with 15 facilities in nine states. They produce more than 15% of all the boats greater than 16' built in America. For more information, go to http://www.ababoats.com/. About GE Capital, Commercial Distribution Finance GE Capital, Commercial Distribution Finance provided nearly $31 billion in financing for more than 33,000 dealers and 2,000 distributors and manufacturers in the U.S. and Canada in 2012. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products. Customers have access to exclusive online tools and analytics to manage their accounts and inventory. For more information, visit http://www.gecdf.com/ or follow company news via Twitter ( https://twitter.com/GEInventoryFin). GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter ( https://twitter.com/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. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.