GE Capital Provides Inventory Finance for Vermeer
GE Capital, Commercial Distribution Finance said it will provide floorplan financing to Vermeer Corporation for its agricultural equipment distribution network in the U.S. and Canada. Headquartered in Pella, IA, Vermeer develops and manufactures a variety of equipment for use in agriculture as well as other industries, including construction, landscaping, mining and tree care.
“GE Capital is working with us to provide customized financing programs beyond our internal inventory finance capabilities with enhanced customer service to help our distributors to grow sales,” said Jill Blanco, global dealer finance manager for Vermeer. “GE Capital’s industry expertise and technological innovations make it an ideal financing partner for our agricultural distribution network.”
“We’re pleased to have this opportunity to help Vermeer grow its business,” said Steve Battreall, CDF’s chief commercial officer. “We have deep expertise in the agriculture industry so we’re looking forward to helping its dealers improve their liquidity and manage their cash.”