GE Capital to Provide Financing for Ritchie Bros. North America Operations

GE Capital, Vendor Finance announced this week that it has been selected by Ritchie Bros. Financial Services to serve as a major financing provider for its operations in the United States and Canada.

Based in Burnaby, B.C., Canada, Ritchie Bros. Financial Services is a subsidiary of Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer. RBFS has made arrangements with leading equipment finance providers to offer financing options to Ritchie Bros. Auctioneers’ customers in the U.S. and Canada. GE Capital was selected because of its expertise in construction and transportation equipment combined with its strong commitment to vendor financing. The company said GE will provide no obligation, pre-auction credit approvals to assist buyers in making informed bits.

“We’re making it easier for Ritchie Bros.’ customers to buy equipment for their next project by providing fast and convenient financing solutions,” said Jim Case, CEO of RBFS. “They’ll experience an easy credit application process with simple documentation requirements and fast pre-approvals with competitive market rates.”