Bid4Assets, GE Team Up to Offer Financial Services

Share this article:
Bid4Assets Inc. recently announced a deal with GE Capital Commercial Finance that will result in the Web-based assets liquidation firm offering financing options to its buyers.


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.


Share this article:
close

Next Article in Opinions

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Opinions

The Challenge of Changeable Customers

The Challenge of Changeable Customers

When it comes to behavioral targeting, I'm never surprised by the ads I'm served on my personal Mac.

Spoiled for Choice: Answers

Spoiled for Choice: Answers

Sterling Worldwide is hiring a new VP of sales and marketing. Should the CRM expert or the data person get the job? See what our readers has to say.

Peering Into the Marketing Future

Peering Into the Marketing Future

You've heard it many times before: The only constant is change. Not really. Sometimes, the only constant is stubborn resistance. This year we'll see a mix of both.