GE Capital, Commercial Distribution Finance (CDF) is working closely with mobility vehicle manufacturers and dealers as the industry experiences unprecedented growth. The mobility vehicles industry, which provides opportunity for people with disabilities to drive or be transported in vehicles modified with mobility equipment, is growing due to an aging population, an increased number of veterans and more consumer awareness around the need for private and public accessible vehicles. With the National Mobility Equipment Dealers Association (NMEDA) reporting that there are over 18 million people in the U.S. and Canada with mobility needs, it appears the industry is primed for long-term growth.

GE Capital’s CDF business is investing by working with manufacturers to provide inventory financing programs to dealers, developing relationships with trade associations supporting mobility issues and providing an experienced team. Supporting the industry since 2005, CDF currently provides inventory financing to 175 dealers across the country.

“We have grown with the industry, navigating changes to the industry landscape together, and collaborating to meet the unique needs of this important vehicle sector,” said Tim Hyland, president of CDF’s specialty vehicles group. “Our inventory financing portfolio has grown by double digits over the last year, and we expect this growth to continue for the next several years.”

CDF offers a variety of financial solutions to help dealers stock and merchandise product, including a program to help finance the Veteran’s Affairs (VA) subsidies provided to eligible veterans when purchasing mobility vehicles. Dealers who participate in the VA program can defer payment to CDF until they get reimbursed by the VA.

“Mobility vehicles can have a huge impact on quality of life, and we want to make sure our dealers are able to get their products to those who need it most,” said Hyland. “That’s why we work closely with our customers to design innovative programs that meet the needs of their businesses.”

Inventory financing, also known as floorplan financing, is an important element of a successful manufacturer-dealer business model. Manufacturers and distributors can benefit from enhanced product flow and increased sales opportunities, while dealers can obtain improved terms and credit availability.

About GE Capital, Commercial Distribution Finance

GE Capital, Commercial Distribution Finance provided $34 billion in financing for more than 30,000 dealers and more than 3,000 distributors and manufacturers in the U.S. and Canada in 2013. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products. For more information, visit http://www.gecdf.com/ or follow company news via Twitter (http://twitter.com/GEInventoryFin).

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