Daily News: May 18, 2012

GE Capital in New Inventory Finance Program for Groupe Beneteau

GE Capital’s Commercial Distribution Finance (CDF) business has been selected by Groupe Beneteau, the North American business of France’s Groupe Beneteau as a preferred provider of floorplan financing for its retail dealerships.

Approved Beneteau dealers in the U.S. and Canada are eligible for vendor-subsidized interest support on specific brands as well as preferred program terms for their wholesale purchases. Those brands are Beneteau, Jeanneau, Lagoon, Prestige and Monte Carlo Yachts.
“It is important for our dealer network to have access to inventory financing and the ability to work with a finance source that understands our distribution network,” said Emmanuel Arri, vice president of finance and administration of Groupe Beneteau. “GE Capital has the industry expertise, ability and willingness to offer our dealer network flexible programs to help them reach their business goals.”

“This new financing program will allow Beneteau’s dealers to more efficiently manage their cash flows as they acquire product and ultimately sell through to consumers,” said Bruce Van Wagoner, president of CDF’s Marine Group. “In addition, dealers that choose to finance through GE Capital will obtain instant access to our unique online tools including customized inventory management reports and insightful benchmarking data.”

The Beneteau, Jeanneau, Lagoon, Prestige and Monte Carlo Yachts brands offer more than 100 models ranging from 20′ to 80′.