GE Capital Launches Nationwide Buyer Financing Program For Cushman Utility Vehicles

GE Capital, Equipment Finance has signed an agreement to provide retail financing to commercial buyers of Cushman® utility vehicles. Based in Augusta, GA, Cushman manufactures and sells a wide range of vehicles through its network of more than 180 dealerships across the U.S. Cushman vehicles are manufactured by the E-Z-GO Division of Textron Inc.

Arranging for commercial financing is one way that manufacturers can encourage retail purchases. In return, they benefit through better cash management and greater financial flexibility over time.

“We are excited to partner with GE Capital to provide our customers with more financial flexibility,” said Darryl Heffline, vice president, commercial for Cushman. “Through GE Capital’s financing programs, more companies will have access to our machines, and be able to benefit from the increased productivity and rugged reliability for which Cushman vehicles are famous.”

Today’s announcement is the result of an initiative launched earlier this year by Jim Kelly, a 28-year GE Capital veteran, that offers innovative vendor and dealer financing programs. Kelly’s team includes industry veterans who have deep domain expertise in general manufacturing, information technology (IT), office imaging (OI), truck transportation and healthcare.

“As Cushman looks to enhance the services it provides to its dealer network, we’re pleased to be a reliable source of financing for their commercial customers,” said Kelly, managing director of GE Capital’s Vendor Finance business. “We’re on a mission to demonstrate that financing programs like this can boost sales and reduce overall expenses while helping companies increase liquidity and improve cash management.”

About Cushman

Since 1901, Cushman vehicles have been recognized light-transportation solutions for commercial and industrial applications. Today, Cushman products include more than a dozen different vehicle models ideal for use in a variety of industrial and commercial environments, from factories and distribution centers to construction sites and large campuses. Cushman vehicles are manufactured by the E-Z-GO Division of Textron Inc. (NYSE:TXT), a global, multi-industry company based in Providence, RI. For more information, please visit Cushman.com.

About GE Capital, Equipment Finance

With more than $36 billion in lease and loan transactions since 2007, GE Capital’s Equipment Finance business manages over 40 manufacturer financing programs that span 10+ industries, including transportation, construction, IT, OI, golf and turf, healthcare and manufacturing. It maintains relationships with approximately 200,000 business customers through its network of dealers and distributors, and evaluates more than 1,000 financing applications daily.

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 (@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.

Copyright Business Wire 2010

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