GE Capital Launches Finance Program for HP Reseller Partners
Extended Terms Help IT Businesses Drive Profitability
CHICAGO--(BUSINESS WIRE)-- GE Capital, Commercial Distribution Finance (CDF) today announced a new distribution finance program that allows HP reseller partners to extend their repayment terms when they buy certain HP products from select distributors.
The new finance program, which is available immediately, offers 60-day interest-free repayment terms to resellers who purchase products through U.S. distributors D&H Distributing, Ingram Micro, Synnex and Tech Data.
Resellers of any size can view this kind of financing as working capital that they can use to help grow their markets and expand their businesses, said Mike Marcolina, managing director of CDF. Were pleased to be working with HP to support its resellers.
Resellers who participate in this program will qualify for streamlined credit approvals, simplified documentation requirements and generous credit capacity. Combined with GE Capitals dedicated channel expertise and 24/7 online account management system, the program can help resellers succeed in todays low-growth economic environment.
This extended financing program is designed to help HP reseller partners improve their liquidity and increase their cash flow as well as their potential for profit when purchasing and reselling HP products, said Matt Smith, Director, Americas Partner Marketing, PPS HP.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance provided nearly $32 billion in financing for more than 30,000 manufacturers, dealers and distributors across North America in 2011. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products. Customers have access to exclusive online tools and analytics to manage their accounts and inventory. For more information, visit http://www.gecdf.com/or follow company news via Twitter (@GEInventoryFin).
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital).
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
GE Capital, Americas
Lisa Tibbitts, 203-956-4582
Source: GE Capital, Commercial Distribution FinanceCopyright Business Wire 2012