GE cuts unsecured finance program to industry

Engel, Clint
May 2008
Furniture/Today;5/5/2008, Vol. 32 Issue 34, p27
Trade Publication
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.


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