GE Capital, Commercial Distribution Finance Canada announced today that the company has entered into an agreement with Yamaha Motor Canada Ltd. to become the exclusive provider of financing for Yamaha's YMCF Dealer Inventory Finance Program.
GE Capital acquired the portfolio from Yamaha Canada's former financier, Textron Financial Canada Limited, and is now the exclusive provider of inventory finance for Yamaha under a multi-year financing program. “Yamaha and GE Capital share a commitment to meet the financial needs of our Canadian dealer network,” said Peter Hastings, Yamaha Motor Canada's Vice President, Corporate Services. “We are pleased that our new arrangement allows us to continue to operate the YMCF program, build on its long-running success and to continue to improve on the program's benefits to our dealer-network.”
Leone Foxwell, Yamaha's National Manager, Inventory Finance stated that “we are pleased to be working closely with GE Capital to provide innovative financing programs and superior service to our dealers.”
GE Capital has begun providing floorplan financing to Yamaha Motor Canada's dealer network through the YMCF program as of January 1, 2010.
“GE Capital is proud to provide inventory financing in major markets around the world,” said Jeff Malehorn, president and CEO of GE Capital, Commercial Distribution Finance. “We are excited to provide Yamaha Motor Canada's dealers with the funding, business intelligence and exemplary service that is enabling them to thrive in the marketplace.”