Unchained Preppers

General Category => News & Politics => Topic started by: JohnyMac on April 25, 2013, 07:36:49 AM

Title: GE Capital Quietly Cuts Off Lending to Gun Shops
Post by: JohnyMac on April 25, 2013, 07:36:49 AM

Most retailers have an open line of credit with banks and or institutions to buy products to sell to you. GE Capital is one of those institutions.

Quote

General Electric, Co. has been quietly informing gun shop owners that the company will no longer be providing lending services to them, the Wall Street Journal reports. GE Capital is apparently reconsidering its relationship to firearms companies following the Sandy Hook shooting.

Earlier this month, Glenn Duncan, owner of Duncan?s Outdoor Store in Bay City, Mich., claims he received a letter from GE Capital Retail Bank announcing its ?difficult decision? to stop providing financial services to his business. Other gun shops have received similar notices, the Journal notes.

http://www.theblaze.com/stories/2013/04/24/financial-gun-control-ge-capital-quietly-cuts-off-lending-to-gun-shops/ (http://www.theblaze.com/stories/2013/04/24/financial-gun-control-ge-capital-quietly-cuts-off-lending-to-gun-shops/)

Title: Re: GE Capital Quietly Cuts Off Lending to Gun Shops
Post by: crudos on April 25, 2013, 08:23:23 AM

GE cut off new applications to  the online Buds Gun Shop back earlier this year.