GE Capital Equipment Financing Review

Anne Miller

Anne Miller

Senior Author

Anne Miller

Senior Author

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GE Capital Equipment Financing ReviewIs your business in a heated marketed with multiple other businesses? One of the best ways to gain traction or the competitive edge is through updating your equipment and business. Now, many business owners may not want to upgrade their current equipment because it’s costly; however, if you are passionate about driving more profits, GE Capital Equipment Finance services may potential help. In this article, we are going to review GE Capital’s services and whether or not you should consider them.

PROS

GE Capital offers their clients a wealth of services aside from a typical equipment financing loan. For example, professionals with GE Capital will offer advise and suggestions for your company and information regarding competing firms or companies for a competitive edge.

CONS

Applying for GE Capital Equipment Financing is more challenging than other competing companies. For example, companies must generate a revenue of $1 million to $1 billion in order to be considered.

Loan and Lender Information

When it comes to equipment financing, there are not many companies that can compete with GE Capital. GE Capital is an equipment financial institution offering servicing for those in the construction, marine, printing, mining, retail, food, healthcare, and commercial industries. However, in order to apply or receive funding from GE Capital, there are many strict requirements that must be met, which can be found on their website. For example, if your company has not been operating for 2 years, you can’t apply.

As far as equipment servicing goes, GE Capital offers numerous financial options for business owners. In accordance to their website, here is a list of some of what they offer

  • Sale Leasebacks
  • Secured Loans
  • GE Equipment Leasing
  • FMV Lease
  • Early Buy-Out Lease
  • TRAC Lease
  • Quasi

Rates and Fees

Since GE Capital offers such a wide array of services, it’s unclear, based on their website, what the rates and fees are for any of their services and programs. If you are interested and meet the requirements to apply for GE Capital’s services, upon application, you will receive different quotes and financial options that are tailored for your business and request. From there, you will have access to the applicable rates and fees.

Application Process

Applying for any of GE Capital’s services is relatively easy. All you need to do is fill-out a form on the GE Capital website, which provides the equipment financing company the information they need regarding your business, revenue, and contact information. From there, you should receive contact from a GE sales representative who will guide you through the rest of the process. In this, you will learn of the financial options that are available to you with the applicable rates and fees.

Verdict

GE Capital is part of one of the largest companies in the entire world, General Electric. In fact, almost everyone has heard of this company before. With that being said, GE Capital offers a wide variety of high-quality services for medium-to-large businesses, making this company worth consideration for those in this tier. Ask them about their equipment financing rates. If you are a small business, GE Capital will not be useful at all.

Anne Miller


Anne is a Senior Author for SBL. She began her career as an independent consultant for local businesses after graduating with a BA in Management. Since that time, she’s expanded to writing as well as consulting to spread helpful knowledge to small business owners across the country.

 

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