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GE Capital Expands Sharp Electronics Relationship to Support Growth in Office Imaging Equipment

CHICAGO, Jun 26, 2014 (BUSINESS WIRE) -- GE Capital’s Commercial Distribution Finance (CDF) business announced       today that it will begin providing floorplan financing to dealers that       stock Sharp Electronics Corp.’s office imaging (OI) equipment. CDF has       been providing financing to Sharp’s consumer electronics dealers for 25       years.         

“Our goal is to demonstrate Sharp’s continued commitment to the OI       dealer channel,” said Dan Wynne, director of B2B channel marketing at       Sharp. “We know that financing programs such as this one help dealers       obtain the products they need to further their sales goals.”         

CDF will provide qualified Sharp dealers with streamlined credit       approvals and simplified documentation requirements for their       acquisition of Sharp multi-function copiers and multi-function printers.       In addition, they may be eligible for an extended period of subsidized       interest.         

Floorplan financing, also known as inventory financing, allows dealers       to stock, market and sell a wide variety of products from manufacturers.       By providing an alternative to standard open account terms, programs       such as this one can help dealers manage the cash conversion cycle from       inventory procurement and service billing to accounts receivable       collection.         

“Today’s announcement is indicative of the convergence between the OI       business and the information technology industry,” said Judy Toland, the       new commercial leader of CDF’s technology, electronics and appliances       business. “We’re likely to see more companies thinking long-term about       the best ways to encourage and support this ecosystem as it continues to       evolve.”         

CDF provided more than $18 billion in financing to more than 1,300 IT       distributors, value-added resellers and solution providers globally in       2013. It has supported the IT industry for more than 30 years.         

About Sharp Electronics Corp.         

Sharp Electronics Corp., based in Mahwah, N.J., is the U.S. subsidiary       of Japan's Sharp Corp. Sharp is a worldwide developer of one-of-a-kind       home entertainment products, appliances, networked multifunctional       office solutions, LED lighting and mobile communication and information       tools. For more information, visit Sharp Electronics Corp. at         www.sharpusa.com ,       follow it on         Facebook       or         Twitter       or watch it on         YouTube .         

About GE Capital, Commercial Distribution Finance         

GE Capital, Commercial Distribution Finance provided $34 billion in       financing for more than 30,000 dealers and more than 3,000 distributors       and manufacturers in the U.S. and Canada in 2013. Programs include       inventory and accounts receivable financing, asset-based lending,       private label financing, collateral management and related financial       products. For more information, visit         http://www.gecdf.com/       or follow company news via Twitter (        http://twitter.com/GEInventoryFin ).         

GE Capital offers consumers and businesses around the globe an array of       financial products and services. For more information, visit         www.gecapital.com       or follow company news via Twitter (        http://twitter.com/GECapital ).         

GE          /quotes/nls/ge          GE          -0.60%                    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, Commercial Distribution Finance         

GE Capital, Americas        Lisa Tibbitts, 203-956-4582        lisa.tibbitts@ge.com         or        Peppercom       for Sharp        Sarah Sanzari, 212-931-6175        ssanzari@peppercom.com

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