Daily News: August 8, 2012

GE Capital, Nautic Global Launch Inventory Finance Program


GE Capital’s Commercial Distribution Finance (CDF) business announced it will be the strategic floorplan finance provider to Nautic Global Group (NGG), a U.S. boat manufacturer. The jointly developed program is available immediately to all Rinker, Hurricane, Godfrey Pontoon and Polar Kraft dealers in the U.S.

This program will provide NGG dealers with specialized, vendor-subsidized financing programs and terms, and a dedicated, expert staff that is committed to providing world-class customer service. Additionally, dealers will have access to COMS, CDF’s proprietary online inventory finance management tool, and Analytics Online, which provides crucial information and insights about inventory.

“It is important for our dealer network to have access to inventory and to have a financing source that understands our distribution network,” said Michael Kitson, chief executive officer of NGG, which is based in Elkhart, IN. “GE Capital has the right industry expertise, and the ability and willingness to offer flexible programs so our dealer network can reach their business goals.”

“This strategic program provides dealers with the ability to efficiently manage their cash flow as they acquire and stock the inventory they need to realize sales of the NGG brands they represent,” said Bruce Van Wagoner, president of CDF’s marine group. “NGG products are turning quickly at retail and GE Capital is excited to align with NGG to offer its dealers more favorable programs.”