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Home > How we can help your business : Financing Q & A's
• Financing Q & A's

The following are answers to some common questions we hear:

1. How can I grow my credit card sales to become a major portion of my business?
By partnering with GE Business Credit Services! Our experience with commercial accounts and underwriting will help you approve a high percentage of your transactions. You’ll have the flexibility to provide customer credit approvals immediately. This will enhance sales and build brand loyalty with your best customers.

2. How is GE Business Credit Services different from other Private Label Credit Card providers?
GE Business Credit Services is unique in three ways. First, we are committed to your business and to understanding it’s needs. We have the staff and resources to help you increase sales and improve cash flow. Second, GE Business Credit Services is focused completely on business-to-business financing. Business-to-business financing is our specialty, and has been for more than 70 years. Third, GE Business Credit Services has a range of products and services available, and the flexibility to create a custom-made program that’s a perfect fit for your business.

3. What type of marketing support does GE Business Credit Services provide?
GE Business Credit Services will work with your sales and marketing leaders to develop a customer value proposition and an annual credit marketing plan. From intelligent statement inserts and reactivation programs to new account acquisition and loyalty programs, GE Business Credit Services can provide a full suite of credit marketing options to meet the needs of your business.

4. What does “Private Label” mean?
Private label means we operate as an extension of your business in every way. Your financing program is marketed with YOUR brand. All invoice and billing communication to the customer includes YOUR logo, and the customer service team uses YOUR prompts and company name.

5. How does GE Business Credit Services support my customers?
Your dedicated GE Business Credit Services Account Management Team will provide customer service, account reconciliation and collect past due payments while remaining invisible to your customers. From dispute resolution and credit line allocation, to authorized buyer changes or getting invoice and statement copies, your can count on our expert and knowledgeable staff to do the job right, and to handle all of your customers' needs.

6. What solutions does GE Business Credit Services have for my large strategic customers who are constantly demanding extended terms or are a huge credit risk to my business?
Our submerged receivable and pooled receivable solutions are ideally suited to support these types of customers, both as an unsecured and shared risk structure. We can also help you extend terms beyond simple standard open account terms.

7. What does “submerged” receivables mean?
Submerged means we finance your business’ receivables but the relationship is transparent to your customers. You continue to service your customers and remain the sole point-of-contact. This allows you to improve cash flow without affecting your customers.

8. What options are available for extended credit terms?
There are a variety of options available to help you extend payment terms for your customers in a cost-efficient manner. GE Business Credit Services has the flexibility to provide terms ranging from Net 30 to Net 90 Days. In addition, we can also accommodate any early pay discounts that you may choose to offer your customers.

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