Bid4Assets, GE Team Up to Offer Financial Services
GE Capital Commercial Finance, a subsidiary of General Electric, Stamford, CT, will offer some of its customary services such as working capital, growth capital, asset-based and cash-flow financing, equity, letters of credit and bank-loan refinancing.
"By linking with GE Capital, we are able to give our customers more options and flexibility when purchasing assets," said Jim Russell, president of Bid4Assets, Silver Spring, MD.
His firm offers an auction setting to buy and sell financial instruments, real estate, intangible property, personal property and bankruptcy claims. The 2-year-old firm claims to have conducted more than 5,000 auctions.