GE Midmarket Loan Pipeline Up 16%

Unit expands lending as confidence in U.S. economy grows.

General Electric Co.’s finance unit is expanding lending to small and mid-size businesses as confidence in U.S. economic strength grows.

GE Capital said it increased proposals to U.S. commercial lending and leasing customers by 16 percent in the first quarter from a year ago. Earnings before interest, taxes, depreciation and amortization grew by 10 percent at companies to which GE Capital lends, Dan Henson, chief executive officer of GE Capital, Americas, said in a telephone interview.

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