GE Capital’s Commercial Distribution Finance (CDF) business on Feb. 25 announced a new financing program for outdoor power equipment dealers in advance of the Outdoor Power Equipment and Engine Service Association’s (OPEESA) annual meeting in Palm Beach, Fla., Feb. 27-March 2. The new offering, called “Extra 60,” will add 60 days to standard supplier financing terms. The programs are designed to help spur industry growth as the economy continues to recover.
The Extra 60 promotion will add 60 days to the end of the supplier terms for all dealer invoices purchased within the first 30 days from the credit activation date and financed through CDF. The promotion is available to new dealers and current dealers that add product or brand lines. It is in effect until June 30, 2011.
“We are very excited to offer this additional promotional program,” said Marvin Solomon, managing director of CDF’s outdoor products group. “We’ve listened to our manufacturer customers and have provided them with a promotion that will enable dealers to feel more comfortable about building inventory. We think this will help them to grow their businesses by adding customers.”
CDF provides financing for the purchase of products from a variety of lawn and garden manufacturers. Dealers are encouraged to speak with their CDF representative to obtain complete offer details. To apply, dealers may call (800) 451-5944 or visit the CDF Web site: https://sec.cdfconnect.com/surf/si.