GE Capital and Kioti Tractor partner for financing program

GE Capital and Kioti Tractor partner for financing program

GE Capital's Retail Finance business will provide installment lending to customers at Kioti Tractor's 250 independent retailers across the country. Kioti makes a wide variety of compact tractors, utility terrain vehicles, attachments, implements and accessories.

GE Capital’s Retail Finance business, a consumer-lending unit of General Electric Co., announced an agreement with Kioti Tractor to provide installment lending to customers at Kioti’s 250 independent retailers across the country. Under the multi-year agreement, Kioti dealers will be able to offer an installment lending plan to their customers for equipment purchases, even non-agriculture related purchases.

Kioti makes a wide variety of compact tractors, utility terrain vehicles, attachments, implements and accessories, the companies said.

“Kioti is quickly becoming one of the most recognized brands of small tractors in the United States,” said Gary Slagle, vice president and general manager, Outdoor Power Equipment for GE Capital’s Retail Finance business. “We’re excited to collaborate on their growth and look forward to a long relationship with Kioti.”

A division of Daedong Industrial Co. of South Korea, Kioti Tractors recently celebrated 25 years in the U.S. market.

“Our products have developed a very loyal following in the United States and around the world,” said Yung Ki Park, CFO of Daedong-USA. “Associating our brand with GE Capital will make it easier to expand our sales by providing a valuable financing service through our retail partners.”

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