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GE Capital Sees Growth in Music Equipment Financing

January 24, 2014, 06:15 AM
Filed Under: Dealer Finance

GE Capital, Commercial Distribution Finance (CDF) is optimistic about further growth in 2014 in financing the music equipment industry in advance of the National Association of Music Merchants’ (NAMM) annual winter show.

“It’s important for us to be at NAMM, the world's largest and most important show of its kind, to support the industry,” said David S. Wilson, commercial leader of CDF’s diversified products group, which provides inventory financing for dealers of music instruments and related products. “In addition, it’s an unparalleled opportunity for us to meet face-to-face with our customers. We wouldn’t miss it.”

Despite slight improvements in U.S. macro-economic indicators and the retail environment, CDF experienced double-digit volume growth in its music portfolio last year by virtue of its dedicated industry specialists and long-time focus on the space.

“We’ve increased our commitment to the industry by expanding our team of sales representatives,” Wilson added, “and extended our programs to give customers additional financing options that match up with their seasonal cash flows. In 2014, we expect to see plenty of opportunities to help our customers grow by offering the unique breadth of services and expertise that GE can provide.”

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