GE Capital, General Electric’s lending arm, recently stopped offering consumer financing programs to retailers whose main business is selling guns, in response to the “industry changes, new legislation and tragic events.”
The move, said a GE Capital spokesman, expanded on a policy established in 2008. That year, GE Capital stopped offering new consumer financing for purchases of guns from gun shops, but existing relationships with gun shops were grandfathered in and those programs continued.
The lending cutoff applies only to retailers whose primary business is selling guns. GE Capital is still offering financing to other retailers who sell many different kinds of merchandise, including guns. Those retailers range from Walmart to sporting goods chains.