GE Commercial Finance

Type: Business Segment
On the web: http://www.gecommercialfinance.com

GE Commercial Finance offers lending, leasing, and other financing to businesses in some 35 countries. It provides capital for a variety of assets, including industrial facilities and equipment, real estate, and corporate aircraft and vehicles. It also develops private-label financing programs, provides revolving credit, and makes equity investments in various industries. One of the more profitable units of sprawling conglomerate General Electric, GE Commercial Finance focuses on middle-market companies, although clients range from small businesses to "FORTUNE" 100 firms.

Key numbers for fiscal year ending December, 2008:
Sales: $26,742.0M
One year growth: (22.0%)

Officers:
President and CEO: Michael A. (Mike) Neal
SVP and CFO: Jeffrey S. (Jeff) Bornstein
Director Business Development, South: John Nelsonas

Competitors:
Bank of America
CIT Group
Wells Fargo

GE Commercial Finance is a unit of GE Capital,^[1] (one of four major operating divisions of General Electric). Headquartered in Norwalk, Connecticut, USA, it plays a role in over 35 countries and had assets of over US$335 billion at year end 2007.

A part of GE Capital, it offers products such as revolving lines of credit, floorplan finance, equipment leasing of various forms, real estate services, and car fleet management. The industries served include healthcare, manufacturing, fleet management, communications, construction, energy, aviation, infrastructure and equipment, as well as many others.

References

1. ^ GE restructures to streamline businesses - Forbes.com

v • d • e General Electric Co. Founders Thomas Edison · Edwin J. Houston · Elihu Thomson Corporate directors James Cash, Jr. · Ann Fudge · Claudio Gonzalez · Susan Hockfield · Jeffrey Immelt · Andrea Jung · Alan Lafley · Robert Lane · Ralph Larsen · Rochelle Lazarus · Sam Nunn · Roger Penske · Robert Swieringa · Douglas A. Warner III · Bob Wright Primary businesses GE Capital · GE Technology Infrastructure · GE Energy Infrastructure · GE Consumer & Industrial · NBC Universal (80%) Annual revenue  ▲ USD 163.391 billion (2006)    Employees  316,000 (2005)    Stock symbol  NYSE: GE    Website  www.ge.com

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