Richardson Offers GE Capital Inventory Financing

October 5, 2006  by in UnCategorized   

By Home Furnishings Business in Case Goods on October 2006 Case goods importer Richardson Brothers Co. now offers its retail customers new financial programs that greatly extend repayment terms on inventory through GE Capital Solutions.

“The advantageous repayment terms will free up a retailer’s cash, allowing them to have greater purchasing power,” said Jim Richardson, president of Richardson Brothers.  “We continue to make investments in our distribution base, and this is another way we add quality to our full line of collections.“

Through its Commercial Distribution Finance unit, GE Capital Solutions developed new financing programs in response to furniture industry demand for financial tools to assist retailers who are looking to grow their sales by leveraging longer financing periods. 

“Richardson Brothers is enabling its retailers to stock more products as close to the customer as possible,” said Bill Baptiste, CDF’s senior vice president and Home Furnishings sales director.  “The financing programs offer a strong solution to drive revenue and growth through higher credit lines and very competitive rates. The program also gives Richardson a competitive edge when negotiating for dedicated showroom space for their lines.”