Daily News: May 16, 2013

GE Capital Provides Financing to American SportWorks Dealers

GE Capital’s Commercial Distribution Finance (CDF) business announced that it will provide inventory financing to motorsports dealerships that carry products manufactured by American SportWorks.

American SportWorks produces LANDmaster utility vehicles and Zircon, Marauder and Black Widow branded go-carts in Fort Wayne, IN and Roseland, LA. The funds will support the expansion of the company’s dealer network in the U.S. Its products are currently carried by over 200 domestic dealers.

“We’re glad to establish this relationship with GE Capital’s CDF business because of its long history in the motorsports business,” said Kent Rice, president of American SportWorks. Dealer financing is a cornerstone of our plans to expand our American-made utility vehicles business.”

“We’re pleased to have this opportunity to help American SportWorks grow its business,” said Sameer Gaur, president of CDF’s motorsports group. “We’ll be working closely with the company to develop financing programs that are right for its dealers.”