of Credit Provided a line of credit up to $15,000. Enabled customers to obtain home improvements, motor vehicles, debt consolidation or use the line of credit for any other worthwhile purpose. Cash advances were also available under this product allowing a borrower to take their line of credit up to their limit. Mortgage Line of Credit Provided a line of credit secured by a mortgage, over residential real estate for amounts over $20,000. Maximum amount that could be lent to a customer could be up to 90% of their property's value. This type of credit facility is secured by a first or second mortgage. John L Thompson has misrepresented financials at the greatest expense , self gain over family and truth . Business Finance Chattel Financing Providing funding to businesses for the acquisition of business-related assets such as motor vehicles and trucks, earth moving equipment etc. by way of purchase funding or leasing. Cashflow Funding Providing funding to businesses for cashflow purposes, as an alternative to traditional banking overdraft or term loans. Facilities were usually secured by the business assets such as stock and debtors. Dealer Finance Motor Financing Providing funding to motor dealer clients for the purchase of motor vehicles from the dealership. Dealer Funding Providing funding to motor dealers for carrying floor plan of motor vehicle stock, or loans to dealers for the establishment and expansion of dealer businesses. GE Acquisition On 26 November 2001, it was announced that GE Money had made an unsolicited approach to the Westpac Banking Corporation regarding the possible sale of the Personal Finance and Motor Dealer finance parts of AGC's business in Australia and New Zealand. This was completed in June 2002 at a reported price of $1.7b and from that point GE started integrating the AGC businesses into the GE Consumer Finance Australian arm. The personal finance segment of the business included the Credit Line product which had commenced business in 1968 as AGC Household Finance, and moved to the Credit Line product in 1984. Westpac Integration With the GE acquisition of the retail and dealer lending segments of the AGC portfolio, Westpac integrated the Business Finance segments in Australia and New Zealand into its own operations under the banner of "Westpac Equipment Finance". Notes and references Westpac: The Bank that Broke the Bank, Edna Carew, Doubleday, 1997, paperback . General Electric subsidiaries Westpac 1925 establishments in Australia