World Concepts To Offer GE Capital Solutions’ Program

Furniture World News

World Concepts, LLC, a home furnishings importer with multiple locations in the United States, is now offering its retailers new financial programs from GE Capital Solutions that greatly extend repayment terms on inventory. The GE Capital Solutions’ program enhances retailer cash flow and drives growth in the furniture industry. “We were looking for a way for customers to have more time to pay for stocking orders,” said Tom Holmes, President of Operations and Finance for World Concepts. “This is an excellent program for our customers, helping them with their purchases and, at the same time, helping maximize their cash flow.“ Through its Commercial Distribution Finance (CDF) unit, GE Capital Solutions developed new financing programs in response to furniture industry demand for financial tools that assist retailers. With the GE Capital Solutions program, they can now grow sales by leveraging longer financing periods. “The GE program allows World Concepts’ customers up to six months to pay, making it easier to open new galleries,” said Bill Baptiste, CDF’s senior vice president and Home Furnishings sales director. “With GE’s help, they can now give qualified customers from ninety to one hundred and eight days to pay for orders.” About World Concepts LLC World Concepts, LLC is an importer of home furnishings with warehouses in Phoenix, Arizona, and Stoneville, North Carolina. Interested dealers may contact Tom Holmes at World Concepts at 937-360-3650. About GE GE Capital Solutions Commercial Distribution Finance (CDF), which specializes in financing the movement of finished consumer goods through the distribution chain, serves more than 6,000 manufacturers who sell to over 40,000 retailers. CDF is a leading provider of specialized financing products and services for various industries. Offerings include inventory financing, accounts receivable financing, asset based lending, import financing, private label financing, collateral management, e-commerce services and related financial products. Additional information about CDF can be found online at www.gecdf.com/industries/furnishing.html. GE Capital Solutions provides leasing, lending and capital investment products and services to help business customers grow. It has over $92 billion in assets, serves more than 1 million clients around the world and is headquartered in Danbury, Connecticut, USA. For more on GE Capital Solutions, go to www.ge.com/capitalsolutions . GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. For more information, visit the company's Web site at www.ge.com.