GE Consumer Finance’s Retail Sales Finance unit, servicing more than 20 industries including the recreational vehicle sector, has changed its name to GE Money – Sales Finance.
According to a press release, the business unit has achieved double-digit growth over the last four years and has doubled its assets in just the past two, reaching $16 billion.
GE Money’s sales finance division provides a variety of services including extended financing, installment lending, revolving credit, private label credit cards, bank card programs and other financing solutions to independent and regional retailers, dealers, manufacturers, service providers, health care professionals and consumers.
“The new name reflects how we’ve evolved beyond the retail space,” said Glenn Marino, president and CEO of GE Money’s sales finance unit. “We’re broadening our markets, channels and product offerings – all focused on helping our partners grow their businesses by offering simple, fast and flexible financing programs to their customers.”