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GE Capital Launches Finance Program for HP Reseller Partners

August 06, 2012, 07:00 AM
Filed Under: Vendor Finance News

GE Capital, Commercial Distribution Finance (CDF) 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. “We’re 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 Capital’s dedicated channel expertise and 24/7 online account management system, the program can help resellers succeed in today’s 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.

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