CHANDLER, Ariz. — GE Commercial Distribution Finance, an international provider of distribution financing programs and services to the industrial equipment market, recently announced the establishment of a $10 million credit facility with Chandler, Ariz.-based Red Mountain Machinery.
The facility will enable Red Mountain to consolidate several transaction-based loans into a single, extended-term financing line, effectively improving its working capital while generating administrative efficiencies.
Red Mountain is one of the largest heavy equipment rental companies in the western United States, with an extensive fleet of Caterpillar earthmoving equipment for rent as well as Volvo rock and articulated trucks. The company is No. 60 on the RER 100 and has branches in Escondido, Calif., and Las Vegas.
