Note Payment Detail Combined Outstanding Principal Balance ...

GE Dealer Floorplan Master Note Trust
2014-2

Payment Date: 4/20/2015
3/31/2015
Collection Period Ended: 10/21/2014
Closing Date: 5/20/2015
Next Payment Date: 10/20/2017
Expected Principal Payment Date: 10/21/2019
Final Maturity Date:
Original Balance
500,000,000.00 Note Payment Detail
10,526,316.00
15,789,474.00 Principal Interest Total Principal
Payment and Interest
Payment Amount
Amount
Class CUSIP Interest Rate Beginning Balance Amount 269,527.78 Ending Balance
8,393.57 269,527.78
A 36159LCN4 0.62600% 500,000,000.00 0.00 18,708.77 8,393.57 500,000,000.00
B 36159LCP9 0.92600% 10,526,316.00 0.00 10,526,316.00
C 36159LCQ7 1.37600% 15,789,474.00 0.00 18,708.77 15,789,474.00

Totals 526,315,790.00 526,315,790.00 0.00 296,630.12 296,630.12 526,315,790.00

Combined Outstanding Principal Balance

Beginning Combined Outstanding Principal Balance 8,702,066,717.64
2,915,541,812.72
New Volume 2,553,708,558.68
Principal Collections
Default Amount 627,156.73
Ending Combined Outstanding Principal Balance 9,063,272,814.95

Aggregate Principal Receivables Ending Combined Outstanding Principal Balance 9,063,272,814.95
Overconcentrations Adjustment for charged-off Receivables 63,345,241.45
Aggregate Principal Receivables
Discount Factor 8,999,927,573.50
Collections Product Line Overconcentrations
Defaults Dealer Overconcentrations Total Overconcentrations 0.00
Manufacturer Overconcentrations 2,553,708,558.68 0.00 0.00
0.00 0.00
Principal Collections 49,967,042.75 0.00
Non Principal Collections 2,603,675,601.43 0.00%
Total Collections
627,156.73 Net of Overconcentrations
Default Amount 2,553,708,558.68
49,967,042.75
2,603,675,601.43

0.00 627,156.73

Asset Performance Annualized Yield 6.67%
Monthly Payment Rate 29.35%
Default Rate
0.09%

Page 1 of 10

GE Dealer Floorplan Master Note Trust
2014-2

Payment Date: 4/20/2015

Collection Period Ended: 3/31/2015
Closing Date: 10/21/2014
Next Payment Date:
Expected Principal Payment Date: 5/20/2015
Final Maturity Date: 10/20/2017
10/21/2019

Series Allocations

Allocation Percentage for Non Principal Collections and Default Amount 6.36%
Allocation Percentage for Principal Collections 6.36%
Non Principal Collections Allocated to Series 3,176,469.81
Principal Collections Allocated to Series 162,342,570.00
Default Amount Allocated to Series 39,869.17

Application of Available Non Principal Collections 3,176,469.81
822.75
Non Principal Collections Allocated to Series 0.00
Investment Earnings in Series Accounts
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfall for Series 3,177,292.56
Available Non Principal Collections Allocated to Series 1,550.00
0.00
(i) (A) Amount to Indenture Trustee 36.53
(B) Amount to Trustee 0.00
(C) Amount to Administrator
(D) Amount to Custodian 921,052.63
0.00
(ii) Noteholder Servicing Fee
Unpaid Servicer Advances and interest thereon 269,527.78
8,393.57
(iii) Class A Monthly Interest
(iv) Class B Monthly Interest 18,708.77
(v) Class C Monthly Interest
39,869.17
(vi) Investor Default Amount (treated as Available Principal Collections) 0.00
(vii) Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections 0.00
(viii) Amount Required to be Deposited into the Reserve Account 0.00

(ix) Remaining Amounts due to Indenture Trustee, Trustee, Administrator, and Custodian 0.00

Indenture Trustee 0.00 , Trustee 0.00 , Administrator 0.00 , Custodian 0.00 1,918,154.11
0.00
(x) Amounts otherwise required to be Deposited into the Principal Account
Page 2 of 10
(xi) (If Early Amortization Period has not occurred)
Release to Issuer to make required yield payments on the Principal Overcollateralization Amount

(xii) (If Early Amortization Period has occurred)
Make principal payments, then release to Issuer to make required yield payments on the Principal Overcollateralization Amount

GE Dealer Floorplan Master Note Trust
2014-2

Payment Date: 4/20/2015

Collection Period Ended: 3/31/2015
Closing Date: 10/21/2014
Next Payment Date:
Expected Principal Payment Date: 5/20/2015
Final Maturity Date: 10/20/2017
10/21/2019
Excess Non Principal Collections for Series 2008-A
2,598,130.76
Excess Non Principal Collections for Series 2010-B 1,700,698.32
2,533,135.65
Excess Non Principal Collections for Series 2012-2 2,174,390.40
2,224,153.79
Excess Non Principal Collections for Series 2012-3 1,795,320.89
1,052,165.46
Excess Non Principal Collections for Series 2012-4
886,712.16
Excess Non Principal Collections for Series 2013-1 1,273,674.06
1,122,323.36
Excess Non Principal Collections for Series 2013-A 2,489,830.74
1,823,522.53
Excess Non Principal Collections for Series 2013-B 1,690,956.08
1,019,831.78
Excess Non Principal Collections for Series 2013-VFN-1 24,384,845.98

Excess Non Principal Collections for Series 2013-VFN-2 0.00
0.00
Excess Non Principal Collections for Series 2014-1 0.00
0.00
Excess Non Principal Collections for Series 2014-2 0.00
0.00
Excess Non Principal Collections for Series 2015-1 0.00
0.00
Excess Non Principal Collections for Series 2015-2 0.00
0.00
Total Excess Non Principal Collections 0.00
0.00
Non Principal Shortfalls for Series 2008-A 0.00
Non Principal Shortfalls for Series 2010-B 0.00
Non Principal Shortfalls for Series 2012-2 0.00
Non Principal Shortfalls for Series 2012-3
Non Principal Shortfalls for Series 2012-4 Page 3 of 10
Non Principal Shortfalls for Series 2013-1
Non Principal Shortfalls for Series 2013-A
Non Principal Shortfalls for Series 2013-B
Non Principal Shortfalls for Series 2013-VFN-1
Non Principal Shortfalls for Series 2013-VFN-2
Non Principal Shortfalls for Series 2014-1
Non Principal Shortfalls for Series 2014-2
Non Principal Shortfalls for Series 2015-1
Non Principal Shortfalls for Series 2015-2

Total Non Principal Shortfalls

GE Dealer Floorplan Master Note Trust
2014-2

Payment Date: 4/20/2015

Collection Period Ended: 3/31/2015
Closing Date: 10/21/2014

Next Payment Date: 5/20/2015

Expected Principal Payment Date: 10/20/2017

Final Maturity Date: 10/21/2019

Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2008-A 0.00
0.00
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2010-B 0.00
0.00
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2012-2 0.00
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2012-3 0.00
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2012-4 0.00
0.00
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2013-1 0.00
0.00
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2013-A 0.00
0.00
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2013-B 0.00
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2013-VFN-1 0.00

Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2013-VFN-2 0.00
24,384,845.98
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2014-1

Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2014-2
Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2015-1

Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls for Series 2015-2

Total Aggregate Excess Non Principal Collections Applied to Non Principal Shortfalls
Released to Transferor

Page 4 of 10

GE Dealer Floorplan Master Note Trust
2014-2

Payment Date: 4/20/2015

Collection Period Ended: 3/31/2015
Closing Date: 10/21/2014
Next Payment Date:
Expected Principal Payment Date: 5/20/2015
Final Maturity Date: 10/20/2017
10/21/2019
Application of Available Principal Collections

Revolving Period 162,342,570.00
Principal Collections Allocated to Series 39,869.17
Investor Default Amount and Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections
Available Principal Collections Treated as Shared Principal Collections 162,382,439.17

Controlled Accumulation Period 0.00
0.00
Principal Collections Allocated to Series 0.00
0.00
Investor Default Amount and Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections 0.00

Aggregate Shared Principal Collections applied to Principal Shortfall for Series 0.00
0.00
(i) Monthly Principal Deposited into the Principal Account
0.00
(ii) Monthly Principal Deposited into the Distribution Account and paid to Noteholders: 0.00
0.00
Class A 0.00 , Class B 0.00 , Class C 0.00 0.00
0.00 0.00
(iii) Principal Overcollateralization Amount 0.00

(iv) Amounts Remaining as Shared Principal Collections 0.00
0.00
Early Amortization Period

Principal Collections Allocated to Series

Investor Default Amount and Sum of Unreimbursed Investor Charge-offs and Reallocated Principal Collections

Aggregate Shared Principal Collections applied to Principal Shortfall for Series

Series Specific Excess Non-Principal Collections

(i) Monthly Principal Deposited into the Principal Account

(ii) Monthly Principal Deposited into the Distribution Account and paid to Noteholders:

Class A 0.00 , Class B 0.00 , Class C

(iii) Principal Overcollateralization Amount
(iv) Amounts Remaining as Shared Principal Collections

Page 5 of 10

GE Dealer Floorplan Master Note Trust
2014-2

Payment Date: 4/20/2015

Collection Period Ended: 3/31/2015
Closing Date: 10/21/2014
Next Payment Date:
Expected Principal Payment Date: 5/20/2015
Final Maturity Date: 10/20/2017
10/21/2019

Shared Principal Collections for Principal Sharing Series

Aggregate Shared Principal Collections for Principal Sharing Series 2,222,303,657.49
0.00
Aggregate Principal Shortfall for Principal Sharing Series 0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2008-A 0.00
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2010-B 0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2012-2 0.00
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2012-3 0.00
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2012-4 0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2013-1 0.00
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2013-A 0.00
0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2013-B 0.00
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2013-VFN-1 0.00

Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2013-VFN-2 2,222,303,657.49

Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2014-1 2.50%
Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2014-2 526,315,790.00

Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2015-1 13,157,894.75

Aggregate Shared Principal Collections Applied to Principal Shortfall for Series 2015-2 818.67
13,157,894.75
Amount Deposited into the Excess Funding Account
0.00
Released to Issuer 0.00
13,157,894.75
Credit Enhancement (Series Level) 0.00
26,315,789.00
Required Reserve Account
Page 6 of 10
Required Reserve Account Percentage
Note Principal Balance

Required Reserve Account Amount

Reserve Account Investment Earnings
Beginning Reserve Account Amount

Reserve Account Deposits
Reserve Account Withdrawals

Ending Reserve Account Amount

Reserve Account Deficiency
Principal Overcollateralization Amount

Payment Date: 4/20/2015 GE Dealer Floorplan Master Note Trust
Collection Period Ended: 2014-2
Closing Date: 3/31/2015
Next Payment Date: 10/21/2014 7,202,929,956.00
Expected Principal Payment Date: 360,173,453.00
Final Maturity Date: 5/20/2015 0.00
10/20/2017
Non Principal Account (Series Level Account) 10/21/2019
Beginning Balance
Deposits 0.00
Disbursements 392,811.70
392,811.70
Ending Balance
Principal Account (Series Level Account) 0.00

Principal Account Investment Earnings 0.00
0.00
Beginning Balance 0.00
0.00
Deposits 0.00
Disbursements
Ending Balance 8,999,927,573.50

Free Equity Amount (Trust Level) 7,563,103,409.00
1,436,824,164.50
Note Trust Principal Balance
Note Principal Balance 0.00%
Principal Overcollateralization Amount 0.00
Excess Investor Charge-offs & Reallocated Principal Collections 0.00

Aggregate Collateral Amount for all Series of Notes outstanding 1,436,824,164.50
0.00
Free Equity Amount 0.00

Minimum Free Equity Percentage 1,436,824,164.50
Total Overconcentration
Minimum Free Equity Amount 0.00
0.00
VFN Activity (Trust Level) 0.00
Free Equity Amount before VFN activity 0.00
VFN Optional Amortization Amount 0.00
(VFN Additional Advance Amount)
Page 7 of 10
Free Equity Amount after VFN activity

Excess Funding Account (Trust Level Account)
Excess Funding Account Investment Earnings

Beginning Balance
Deposits
Disbursements
Ending Balance

GE Dealer Floorplan Master Note Trust
2014-2

Payment Date: 4/20/2015

Collection Period Ended: 3/31/2015
Closing Date: 10/21/2014
Next Payment Date:
Expected Principal Payment Date: 5/20/2015
Final Maturity Date: 10/20/2017
10/21/2019

Summary of Allocation of Collections 2,553,708,558.68
Total Principal Collections 243,520,503.30
162,342,573.24
Principal Collections Allocated to Series 2008-A 243,514,040.52
Principal Collections Allocated to Series 2010-B 194,811,408.67
Principal Collections Allocated to Series 2012-2 194,811,408.67
Principal Collections Allocated to Series 2012-3 162,342,987.44
Principal Collections Allocated to Series 2012-4 97,405,541.88
Principal Collections Allocated to Series 2013-1 81,171,285.15
Principal Collections Allocated to Series 2013-A 111,296,710.24
Principal Collections Allocated to Series 2013-B 97,405,541.59
Principal Collections Allocated to Series 2013-VFN-1 219,162,469.31
Principal Collections Allocated to Series 2013-VFN-2 162,342,570.00
Principal Collections Allocated to Series 2014-1 154,225,441.49
Principal Collections Allocated to Series 2014-2 97,405,541.88
Principal Collections Allocated to Series 2015-1 331,950,535.30
Principal Collections Allocated to Series 2015-2
Principal Collections Not Allocated to Any Series and Released to Issuer 49,967,042.75
4,764,834.80
Total Non Principal Collections 3,176,469.87
4,764,708.34
Non Principal Collections Allocated to Series 2008-A 3,811,770.12
Non Principal Collections Allocated to Series 2010-B 3,811,770.12
Non Principal Collections Allocated to Series 2012-2 3,176,477.98
Non Principal Collections Allocated to Series 2012-3 1,905,881.88
Non Principal Collections Allocated to Series 2012-4 1,588,234.91
Non Principal Collections Allocated to Series 2013-1 2,177,682.91
Non Principal Collections Allocated to Series 2013-A 1,905,881.88
Non Principal Collections Allocated to Series 2013-B 4,288,234.24
Non Principal Collections Allocated to Series 2013-VFN-1 3,176,469.81
Non Principal Collections Allocated to Series 2013-VFN-2 3,017,646.32
Non Principal Collections Allocated to Series 2014-1 1,905,881.88
Non Principal Collections Allocated to Series 2014-2 6,495,097.69
Non Principal Collections Allocated to Series 2015-1
Non Principal Collections Allocated to Series 2015-2 Page 8 of 10
Non Principal Collections Not Allocated to Any Series and Released to Issuer

GE Dealer Floorplan Master Note Trust
2014-2

Payment Date: 4/20/2015

Collection Period Ended: 3/31/2015
Closing Date: 10/21/2014
Next Payment Date:
Expected Principal Payment Date: 5/20/2015
Final Maturity Date: 10/20/2017
10/21/2019
Performance

(1) Are there any material modifications, extensions, or waivers to pool assets? No
No
(2) Are there any material breaches of pool asset representations and warranties or covenants? No
(3) Are there any changes in criteria used to originate, acquire, or select new pool assets? No
(4) Has the master servicer made any Servicer Advances during the previous collection period? No
No
(5) Has an Early Amortization Event occurred? 29.35%
(6) Has the Monthly Payment Rate trigger been met? 24.49% No
25.03%
Current Month's Monthly Payment Rate 26.29% No
Prior Month's Monthly Payment Rate
Second Prior Month's Monthly Payment Rate 0.09% No
0.15% No
3 Month Average Monthly Payment Rate 0.05% No
0.10%
(7) Has the Default Rate trigger been met? Page 9 of 10
13,157,894.75
Current Month's Default Rate 2.25%
Prior Month's Default Rate
Second Prior Month's Default Rate 526,315,790.00
11,842,105.28
3 Month Average Default Rate

(8) Is Reserve Account balance less than Reserve Account trigger?

Reserve Account balance
(A) Required Reserve Account Percentage minus 0.25%
times (B) Note Principal Balance
Reserve Account trigger

(9) Is the sum of all investments held in trust accounts of the Issuer more than 50% of the assets of the Issuer on each of 6 or more
preceding consecutive monthly determination dates?

Current Month 2.00%
(10) Have any new series been issued during the related monthly collection period?

(11) Have any account additions or account removals (other than Inactive Accounts) occurred during the related monthly collection period?

Number of accounts added / removed : 0
Outstanding balance of Principal Receivables in such added / (removed) accounts as of the date of such addition / removal: 0.00

Payment Date: 4/20/2015 GE Dealer Floorplan Master Note Trust
Collection Period Ended: 3/31/2015 2014-2
Closing Date: 10/21/2014
Next Payment Date: 5/20/2015 Percentage of Total
Expected Principal Payment Date: 10/20/2017 Receivables Outstanding
Final Maturity Date: 10/21/2019
0.05%
Delinquency Amount 0.06%
(Dollars in Millions) 0.03%
Days Outstanding 0.01%
4.8 0.01%
30-59 5.5 0.01%
60-89 2.5 0.18%
90-119 1.2
120-149 0.8
150-179 1.3
180+
*Total 16.1

*Figures may not foot due to rounding

IN WITNESS WHEREOF, the undersigned has duly executed this monthly Noteholder's Statement as of the _____ day of _____________ , _________ .

GENERAL ELECTRIC CAPITAL CORPORATION,
as Master Servicer

BY:
NAME:
TITLE:

Page 10 of 10