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GE Capital Renews Equipment Financing Program with Jacobsen Dealers

February 15, 2013, 07:28 AM
Filed Under: Program Agreements

GE Capital’s Commercial Distribution Finance (CDF) business announced that it will continue to be the preferred provider of inventory financing for Jacobsen dealers in the U.S. and Canada. Jacobsen has been a GE customer since 2010. Headquartered in Charlotte, N.C., Jacobsen produces commercial turf maintenance equipment and related products such as utility vehicles, sprayers and aerators.

"GE Capital’s experience in the outdoor products industry enables them to provide exceptional service to our dealer network," said Rocky Parson, vice president of finance at Jacobsen. "That, combined with GE Capital’s business intelligence tools, which help our dealers to optimize inventory levels, makes CDF an ideal financing partner."

"We have a very favorable view of the golf and turf industry and look forward to a long relationship with Jacobsen," said Steve Battreall, chief commercial leader of CDF.

For more than 20 years and through all business and economic cycles, CDF has supported the outdoor products industry with customer-centric financing programs that enable dealers to stock a broad selection of products. Inventory financing, also known as floorplan financing, is an important element of a successful manufacturer-dealer business model. Manufacturers benefit from enhanced product flow and increased sales opportunities, while dealers obtain improved terms and credit availability.

Jacobsen, a Textron Inc. company, has more than 90 years of experience in the turf maintenance industry. Dedicated solely to delivering perfectly groomed turf, Jacobsen equipment is used on some of the finest golf courses, sports fields and other formal turf areas across the United States and the world, through an extensive distribution network and the international Ransomes brand.

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