Danbury, Conn.:  GE Capital Solutions’ Transportation Finance unit has launched a full range of financial solutions, from leases and loans to wholesale floor plan financing, to the medium duty truck sector (classes 4-7) specifically targeting operators and dealers of small and medium fleet sizes.

GE Capital Solutions is working closely with truck manufacturers and dealer networks to provide best-in-class service and technology, enabling them to sell more products to customers.  Based in six offices across the U.S., this team aims to become the premier provider of medium duty truck financing by 2010. 

“This is a bold statement of intent, but one we’re well positioned to achieve if we keep focusing on customer service, reliability, speed, industry knowledge and a true partnership approach,” said Dan Clark, General Manager of GE Capital Solutions, Transportation Finance.  “GE Capital Solutions has assisted the wider US trucking industry for over 30 years, through many economic cycles, and we now look forward to sharing this expertise and our full product suite with the medium duty sector.

“Technology can be a real differentiator for dealerships and we have built an auto-approval system to enable medium duty truck dealers to receive credit approval in minutes – helping them give their customers top service.  Already, 50% of all the deals we’re seeing in the market are approved via the auto-decisioning technology.”

About GE Capital Solutions

GE Capital Solutions (www.ge.com/capitalsolutions) provides leasing, lending and capital investment products and services to help business customers grow. It has over $100 billion in assets, serves more than a million clients around the world and is headquartered in Danbury, Connecticut, USA.

About GE Capital Solutions, Transportation Finance

For more than 30 years GE Capital Solutions, Transportation Finance has been helping transportation dealers, manufacturers and end users grow their businesses. It serves approximately 23,000 customers and over 125,000 assets in the global transportation industry.

With over 120,000 trucking assets already managed in the light and heavy duty truck sectors, GE Capital Solutions aims to be the largest independent provider in the medium duty space.  By providing leading technology, products and processes in combination with seasoned truck industry experts, Capital Solutions will be supporting the medium duty sector for a long time to come.