GE Commercial Finance

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GE Commercial Finance
Division of GE Capital
Industry Financial
FateMerged into GE Capital
DefunctNovember 18, 2008 (2008-11-18)
Headquarters
Norwalk, Connecticut
,
United States
Total assets US$335 billion (2007)
Subsidiaries Banque Artesia Nederland N.V. (now GE Artesia Bank)

GE Commercial Finance was a unit of GE Capital, [1] (one of five major operating divisions of General Electric). Headquartered in Norwalk, Connecticut, United States, it plays a role in over 35 countries and had assets of over US$335 billion at year end 2007.

GE Capital company

GE Capital is the financial services unit of the American multinational conglomerate General Electric. It provides commercial lending and leasing, as well as a range of financial services for commercial aviation, energy, and support for GE's industrial business units.

General Electric American industrial company

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Norwalk, Connecticut City in Connecticut, United States

Norwalk is a U.S. city located in southwestern Connecticut, in southern Fairfield County, on the northern shore of Long Island Sound. Norwalk lies within both the New York metropolitan area as well as the Bridgeport metropolitan area.

As part of GE Capital, it offers products such as revolving lines of credit, floorplan finance, equipment leasing of various forms, real estate services, and car fleet management. The industries served include healthcare, manufacturing, fleet management, communications, construction, energy, aviation, infrastructure and equipment, as well as many others. Operations of GE Commercial Finance were eventually merged directly into GE Capital. [2] [3]

Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings, or housing." It is a legal term used in jurisdictions whose legal system is derived from English common law, such as India, England, Wales, Northern Ireland, United States, Canada, Pakistan, Australia, and New Zealand.

Manufacturing industrial activity producing goods for sale using labor and machines

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Communication is the act of conveying meanings from one entity or group to another through the use of mutually understood signs, symbols, and semiotic rules.

GE Commercial Finance acquired the Dutch financial institution Banque Artesia Nederland N.V. in December 2006 which now trades under the name GE Artesia Bank.

GE Artesia Bank was a Dutch financial institution based in Rotterdam and Amsterdam. It was originally established in 1863 as the Nederlandsche Credit and Depositobank.

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References

  1. ↑ GE restructures to streamline businesses
  2. ↑ Company Overview of GE Commercial Finance
  3. ↑ Company Overview of General Electric Capital Services, Inc.


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