GE Commercial Finance

With GE, our customers not only get a Triple-A rated company behind them, they get access to a wide range of global businesses and resources. The Facts General Electric is a diversified technology, media and financial services company dedicated to creating products that make life better – we’ve got one of the strongest capital positions in the world. Our financial expertise gives us the know-how to deliver creative, flexible financing solutions. Our business experience gives us the unique ability to understand your challenges because we face them every day. Innovative Financing Solutions Corporate Lending provides secured revolving lines of credit and associated term loans to manufacturers, distributors, wholesalers, retailers and service providers. By leveraging accounts receivables and inventory, along with machinery, equipment and real estate, we're able to provide asset-based and cash flow loans to fund a variety of business needs including:     Acquisition financing Growth capital Debt refinancing and recapitalisations Ownership succession and management buy-outs Turnaround financing Working capital     Typical Customers Non-investment-grade located in Australia and New Zealand with: Annual sales revenues of $5 million to $200+ million A capable management team A strong collateral position Good books and record keeping Adequate management information systems     Revolving Loan Parameters Size – starting at $2 million Pricing – competitive rates based on the Bank Bill Rate and Prime interest rates Secured with accounts receivables (including export receivables) and inventory     Term Loan Parameters Advance rate on machinery and equipment – up to 85% based on an appraised orderly liquidation value Term – maximum of five years with renewal options Real estate term loans up to 10-year amortisation     Information Needed to Qualify a Transaction (*essential information) Prior 2 year-end financial statements* Current and previous years' interim financial statements* Accounts receivable and accounts payable agings (same date as interim f/s)* Inventory report (broken out by location and composition)* Business plan (including proformas and budgets) Business overview (products, market share, competitors, etc.) Product overview (brochures, catalogues, price lists, etc.) Business ownership information     We’re more than just a Lender; We’re Your Business Partner. With GE, our customers not only get a Triple-A rated company behind them, they get access to a wide range of businesses and resources to help them operate more efficiently and solve important business problems. From Six Sigma to sourcing, light bulbs to security systems, broadcasting to leasing, our customers get access to the products, services and business processes and methods that have helped GE to become one of the leading companies in the world. For more information please visit us online at www.gecommercial.com.au or call (02) 8249 3732. < BACK | NEXT >