TITLE

GE cuts unsecured finance program to industry

AUTHOR(S)
Engel, Clint
PUB. DATE
May 2008
SOURCE
Furniture/Today;5/5/2008, Vol. 32 Issue 34, p27
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the move of GE Capital Solutions to cut its inventory financing program in the furniture industry in the U.S. The company notes that due to current economic and market conditions, a strategic decision has been made to reduce its unsecured inventory financing exposure. Chad Lyon, home furnishings business leader of GE Commercial Distribution Finance, emphasized that GE is no longer offering new credit lines under an unsecured inventory finance program.
ACCESSION #
32066362

 

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