- What are GE's interest rates?
Interest rates vary depending on the type of financial product, the term and amount of the loan, the current short-term market rates, timing of the loan and the credit risk.
- How does GE differ from a bank?
We can offer clients faster and more carefully tailored flexible solutions than most banks. GE Capital can take on a wider variety of loan types and, because of our structure, we usually respond to market changes and customer needs more quickly.
- How do I access GE for finance?
Request a phone call or send a email through our 'Contact Us' section on this website.
- Do I need to provide financial returns for my business?
Depending on your circumstances and the commercial loan product you have applied for, you will need to supply three year financial returns.
- How long does it take to get approval?
Time can vary, however in most cases full approval depends on you providing the signed application and the necessary documentation to support your application.
- What kind of equipment does GE finance?
We will look at financing most new or used tangible equipment. We already finance equipment in a wide range of industries, including transportation, manufacturing, healthcare, construction, mining, agriculture, IT&T and aviation.
- Can GE still help if my business was unprofitable last year?
We are more than just a 'fair weather friend'. We recognise that every company has its ups and downs and we can often help in ways you may not expect. We offer a host of cashflow enhancement products.
- Why should I do business with GE?
For flexibility and business understanding. Our competitive advantage is that we are a portfolio lender. So as your needs fluctuate during the term of your loan, you can create convenient structures from an array of customised lending options.
- Is a down payment required?
No. Leasing is generally considered 100% financing. The only up-front expense is one month's payment.
- How will leasing affect my cashflow?
Positively. Leasing usually lowers monthly payments more than other financing sources. And that can help you bring revenues and expenses into closer alignment. Make fixed payments, and you'll have the added benefit of being able to accurately forecast your equipment expenses.
- Can lease payments be reduced?
Lower monthly or quarterly lease payments can be negotiated, usually by extending the term of the lease. Assuming that payments are fixed, an extended term can reduce the amount of each individual payment, however, the amount paid over the full term will be higher.
- How are lease payments structured?
We can build considerable flexibility into your payment arrangements. While most leases provide for regular monthly payments, those payments may be made in advance, in arrears, or at irregular intervals. Terms range up to 5 years depending on the type of equipment and can be customised to suit your particular needs.
