Groupe Beneteau, the North American business of France's Groupe Beneteau, selected GE Capital's Commercial Distribution Finance business as a preferred provider of floorplan financing for its retail dealerships.
Approved Beneteau dealers in the United States and Canada are eligible for vendor-subsidized interest support on specific brands, as well as preferred program terms for their wholesale purchases.
The brands are Beneteau, Jeanneau, Lagoon, Prestige and Monte Carlo Yachts. The five brands offer more than 100 models ranging from 20 feet to 80 feet.
"It is important for our dealer network to have access to inventory financing and the ability to work with a finance source that understands our distribution network," Groupe Beneteau vice president of finance and administration Emmanuel Arri said in a statement. "GE Capital has the industry expertise, ability and willingness to offer our dealer network flexible programs to help them reach their business goals."
"This new financing program will allow Beneteau's dealers to more efficiently manage their cash flows as they acquire product and ultimately sell through to consumers," GE Capital Commercial Distribution Finance president Bruce Van Wagoner said. "In addition, dealers that choose to finance through GE Capital will obtain instant access to our unique online tools, including customized inventory management reports and insightful benchmarking data."