GE Capital Extends Financing Program with Bass Pro Shops - Analyst Blog


The Commercial Distribution Finance (CDF) division of GE Capital, a unit of industrial conglomerate General Electric Company ( GE ), 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 prospects.

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 ( NOBGY ), ITT Corporation ( ITT ) and Compass Diversified Holdings ( CODI ). While Noble Group and ITT sport a Zacks Rank #1 (Strong Buy), Compass holds a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: ITT , GE , CODI , NOBGY

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