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Kane’s Customers Will Be Comfortable with Financing Backed by GE Money

Sat, 08/28/2010 - 5:49pm
General Electric

Kane’s Customers Will Be Comfortable with Financing Backed by GE Money

KETTERING, OHIO and TAMPA, FLA. — August 26, 2010 — Comfort and quality are essential in the retail furniture business, which explains why Kane’s Furniture selected GE Money as its consumer financing partner.

The new Kane’s Furniture Card and the Savon Furniture Card, which both debut on August 25, are backed by GE Money, one of the nation’s leading consumer financing lenders with more than seven decades of consumer credit experience.  With the new financing program, customers at all 17 Kane’s and Savon stores can apply for credit and get fast responses, often within seconds.

“We think our customers will love our new financing program,” said Daniel Klein, executive vice president for Kane’s.  “GE Money’s customer service is outstanding.  The credit application process is fast and you get credit decisions back right away.  Plus, we like the resources available through their Business Center website.”

The Business Center is GE Money’s password protected website that provides a suite of marketing tools to their retail partners.  By leveraging the Business Center Kane’s and Savon stores can track credit sales by location, provide sales training and a lot more.

GE Money pioneered consumer financing more than 75 years ago and today provides financing services to more than one million businesses.

“Our experience in the retail sector is what separates us from other lenders,” said Paul Boeckman, vice president of sales, GE Money.  “Our credit program is designed to build business, increase sales and provide outstanding customer service.  We support retailers at every level of their business.”

About Kane’s Furniture
Since its founding by Maurice A. Rothman in 1948, Kane's Furniture has been one of the fastest growing furniture retailers in Florida. We are proud of our Florida roots and our more than 60 years of serving our customers.  Our 17 current Kane's and Savon store locations comprise more than one million square feet of furniture retail space in eight major Central Florida markets, including Tampa, St. Petersburg, Sarasota, Port Charlotte, Ocala, Melbourne, Ft. Myers and Orlando.

We offer $35 million in inventory, timely delivery service, some of the most advanced technology, and our tremendous buying power to tens of thousands of customers throughout Central Florida.

About GE Money
GE Money's Sales Finance Unit, based in Kettering, Ohio, is a part of General Electric Company's GE Capital division, (NYSE: GE). GE Capital is one of the world’s largest providers of credit. For over one million businesses, large and small, GE Capital provides financing to purchase, lease and distribute equipment, as well as capital for real estate and corporate acquisitions, refinancings and restructurings. For our 100+ million consumer customers, GE Capital offers credit cards, retail sales finance programs, home, car and personal loans and credit insurance. For more information, visit gecapital.com or follow company news at twitter.com/gecapital.

GE Money provides credit card programs and financial services for consumers through dealers; national, regional and independent retailers; associations; contractors; manufacturers; healthcare practices; and service providers in nearly 20 industries including: automotive, consumer electronics and appliances, elective health care, floor covering, home design and improvement, home furnishings, jewelry, music, powersports, outdoor power equipment and sporting goods. More information can be found at www.gemoney.com and twitter.com/GEMoneyUS.

GE is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com, www.gereports.com and twitter.com/ge_reports.

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