The “war on guns” continues with GE Capital the latest company do deny loans or divest in the firearm business.
From The Blaze:
The U.S. gun market brought in about $11.7 billion in sales last year, according to IBIS World. Additionally, financing is merely a “marginal activity†in the industry so GE’s actions shouldn’t have a huge impact on the gun market, WSJ.com reports.
But that’s not to say gun shops won’t feel it as more large banks refuse to provide lending services.