GE Capital has recently secured a distribution finance deal with
agricultural machinery manufacturer Kverneland.
The Norwegian company, which specialises in seeding and
harvesting machines and ploughs, is looking to grow their European
business with liquidity support from GE Capital.
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GE Capital will discuss dealer financing programmes with the
agricultural machinery industry at this year’s Agritechnica in
Hanover on 15-19 November.
Andrew Stafferton, agriculture equipment industry leader at GE
Capital commercial distribution finance, said: “We are finding that
many dealers and manufacturers in the agricultural sector are
looking for alternative sources of financing as a result of
constrained bank lending, but also because they want a finance
provider with a deeper understanding of their industry and
technology, who can take a true partnership approach to the
relationship.”
“Distribution finance has the added benefit of allowing
manufacturers to retain their dealer network relationships, while
providing the funding and support to help customers achieve their
aspirations for growth.”
Other customers of GE Capital include French agricultural
spraying equipment company Berthoud, German potato harvesting
equipment company Grimme, and Swedish cultivation and drilling
equipment specialist Vaderstad.
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