The Commercial Distribution Finance (CDF) division of GE
Capital, a unit of industrial conglomerate
General Electric Company
), declared the extension of its inventory financing program with
Bass Pro Shops through 2018.
North American boat and fishing tackle retail chain Bass Pro Shops
owns boat manufacturer Tracker Marine Group, which makes products
under the Tracker, Nitro, Mako, Sun Tracker and Tahoe boat brands.
The Tracker Marine Group will use CDF funding to stock its products
in 84 Bass Pro Shops retail locations and also to support its
network of independent dealers across North America.
The four-year inventory financing contract is an extension of a
business relationship spanning over 25 years. Bass Pro Shops
intends to use the CDF facility to increase its retail presence.
Inventory financing or floor plan financing, is a form of
asset-based lending that allows businesses to use inventory as
collateral to obtain a revolving line of credit. The credit
availability enables dealers to stock a wide selection of new as
well as used products. In addition, producers and distributors
stand to gain from improved product flow and better sales
Apart from inventory financing, GE Capital provides an extensive
array of business financing solutions, ranging from small equipment
leases to large commercial loans. Its parent company, General
Electric, is one of the largest and the most diversified technology
and financial services corporations in the world.
With a market capitalization of $263.9 billion, General Electric
holds a Zacks Rank #3 (Hold). Some better-ranked stocks in the
diversified operations industry include
Noble Group Limited
Compass Diversified Holdings
). While Noble Group and ITT sport a Zacks Rank #1 (Strong Buy),
Compass holds a Zacks Rank #2 (Buy).
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