Global Furniture USA, Inc. Introduces New Program Offering Extended Inventory Terms

Furniture World Magazine

Global Furniture USA, Inc., a major contemporary furniture resource, is now offering its retail customers new financial programs from GE Capital Solutions that greatly extend repayment terms on inventory. The GE Capital Solutions’ programs are designed to enhance retailer cash flow and drive growth in the furniture industry. “The advantageous repayment terms will free up retailers’ cash, allowing them to have greater purchasing power,” said Alex Rubinshteyn, Managing Director of Global Furniture USA. “We continue to make investments in our distribution base, and this is another way we add quality to our brand.“ Through its Commercial Distribution Finance (CDF) unit, GE developed new financing programs in response to furniture industry demand for financial tools that will assist retailers who are looking to grow their sales by leveraging longer financing periods. “Global Furniture 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 Global Furniture a competitive edge when negotiating for dedicated showroom space for their lines.” About Global Furniture USA Global Furniture USA is a global importer and distributor of contemporary furniture, including bedroom, dining room, case goods, occasional, and upholstery. A world leader in contemporary furniture, Global specializes in container shipments and offers the lowest container price, even for mixed containers, in addition to its single piece service from warehouses throughout North America. For more information, please visit www.globalfurnitureusa.com. About GE GE Capital Solutions Commercial Distribution Finance specializes in financing the movement of finished consumers goods throughout the distribution chain and 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, private label financing, collateral management, e-commerce services and related financial products. Additional information about CDF can be found online at www.ge.com/cdf. GE Capital Solutions provides leasing, lending and capital investment products and services to help business customers grow. It has over $90 billion in assets, serves more than 1 million clients around the world and is headquartered in Danbury, CT, 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.