Posts Tagged ge

GE Capital Refusing to Loan Money for Guns

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, reports.

But that’s not to say gun shops won’t feel it as more large banks refuse to provide lending services.

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