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GE Capital Renews Financing for 3,500+ Husqvarna Dealers

January 10, 2013, 07:30 AM
Filed Under: Dealer Finance

GE Capital's Commercial Distribution Finance (CDF) business announced today that it will continue to be the exclusive provider of inventory financing for the Husqvarna Group's independent dealer network in the U.S. and Canada. Headquartered in Charlotte, N.C., Husqvarna manufactures a variety of outdoor power products, including chainsaws, trimmers, lawn mowers and garden tractors.

This agreement is an extension to a private label program, branded Husqvarna Financial Services (HFS) in the U.S., that launched in 2005. HFS provides financing to more than 3,500 independent dealers across North America.

"The continuation of our financing program will allow Husqvarna's dealers to more efficiently manage their cash flows as they acquire product and ultimately sell through to consumers," said Mike Horak, president of CDF's outdoor products group. "In addition, dealers that choose to finance through HFS will obtain instant access to our unique online tools, including customized inventory management reports and insightful benchmarking data. We're honored to continue to work with Husqvarna."

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