(Reuters) - SunTrust Banks Inc (>> SunTrust Banks, Inc.), Apollo Global Management (>> Apollo Global Management LLC) and Ares Management LP (>> Ares Management LP) are considering offers for buying General Electric Co's (>> General Electric Company) unit that lends to private-equity firms in the United States, Bloomberg reported, citing people with knowledge of the matter.

GE is working with Citigroup Inc (>> Citigroup Inc) to sell the business, which is expected to be worth $10 billion, the face value of its outstanding loans, Bloomberg reported.

The division is among the $200 billion (131.78 billion pounds) of assets put up for sale this month at the company's finance unit. GE plans to return as much as $90 billion to shareholders, as it focuses more on its industrial business.

GE is also working with Bank of America Corp (>> Bank of America Corp) on a separate sale process for its European private equity-lending arm, which has about $6 billion in loans, Bloomberg reported.

Sue Bishop, a GE Capital spokeswoman, declined to comment.

On Monday, Reuters reported that GE is in early-stage talks with Wells Fargo & Co (>> Wells Fargo & Co) for selling its $74 billion U.S. commercial lending and leasing portfolio to the bank.

GE Capital's size and the potential risks in its lending portfolio made it subject to government regulation as a systemically important financial institution. GE said it would apply to escape that oversight in 2016, as it reduces the size of the financial business.

(Reporting by Amrutha Gayathri in Bengaluru; Editing by Saumyadeb Chakrabarty)