MONTREAL, Nov. 21, 2013 /CNW Telbec/ - GE Capital, Canada today announced it has provided $1.9 million in equipment financing to Koss Aerospace, a Tier-2 manufacturer of structural aircraft components and assemblies. The funds are being used to finance the acquisition of state of the art production equipment. GE Capital also provided Koss with GE Aerospace market intelligence and manufacturing expertise, along with access to OEMs, and Tier-1 contacts to support the company's growth initiatives.
"We chose GE Capital as a partner for growth, not just as a financing provider," said Alex Cajic,Vice-President of Koss Aerospace. "The depth of support and expertise the team has provided will help us tremendously as we continue to grow our company and position ourselves as a leader in the market."
"Our team relies on decades of operational expertise to provide customers with innovative, customized financing," said Alain Dupont, leader, Manufacturing and Corporate Aviation, GE Capital, Canada. "We then go beyond financing to offer them unique access to our know-how and industry network to help them overcome challenges, unlock opportunities for growth and support their broader business objectives."
The GE Capital Canadian manufacturing team provides asset-backed term debt and structured lease solutions to Canadian manufacturing companies. These solutions unlock the equity in customers' fixed assets to provide working capital and support capital expenditures, refinancings, recapitalizations, acquisitions and succession planning.
The GE Capital Advantage in Canada
At GE Capital, we see beyond the numbers to swiftly bring your business specialized financing solutions inspired by a wide range of industry experiences and expertise. With dedicated people, premier customer service, trusted relationships and speed to market, we partner with you in ways that go beyond capital alone. As a leader in commercial financing, we pride ourselves on helping companies like yours get to the next level with confidence.
About GE Capital, Canada
With 17 offices throughout Canada, GE Capital (www.gecapital.ca) offers a wide variety of financial products and services to address commercial financing needs in many phases of a business' lifecycle. From equipment finance to working capital and growth financing to large asset-based and restructuring loans, we apply our wealth of industry expertise to develop custom solutions for your company. Some of the industries in which we specialize include transportation, construction, manufacturing, aerospace, automotive, mining, energy, wholesale, retail, restaurant and hotel franchise financing.
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
SOURCE: GE CAPITAL CANADA
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