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LBC Capital, Lenovo Agree to Extend Equipment Financing Partnership

May 22, 2020, 07:15 AM
Filed Under: Program Agreements

LBC Capital announced the extension of its partnership with Lenovo, which will see LBC Capital continue as the exclusive lessor for the Lenovo Financial Services program in Canada until 2023.

Since its 2010 launch, this partnership has leveraged the strength of both companies and has helped Lenovo and its business partners provide a robust offering of lease and finance products that enable their clients to obtain the latest technology, services and software that maximizes IT performance through LBC Capital’s offering of simple, flexible and accessible leasing and financing solutions.

“We are thrilled to extend our agreement after a successful 10-year partnership. Lenovo’s continued confidence in our services demonstrates our client-focus, commitment to performance, and leadership position in the equipment financing industry. We look forward to supporting Lenovo for years to come,” said Eric Provost, President of LBC Capital.

“LBC Capital has been a trusted partner of Lenovo’s for more than a decade, offering an end-to-end leasing technology platform and a deep understanding of the markets they serve,” said Rob Makin, Lenovo Executive Director of Worldwide Device as a Service and Lenovo Financial Services. “By extending our relationship, we will continue offering Lenovo clients best-in-class solutions through our leasing and Device as a Service programs that enable them to lower their total cost of ownership and reserve capital.”

LCB Capital is a subsidiary of Laurentian Bank of Canada specialized in equipment and floorplan financing. Fueled by growth through the acquisitions of CIT Group Inc.’s Canadian activities (2016) and Northpoint Commercial Finance (2017), a leading inventory finance lender in the U.S., LBC Capital has established a solid, end-to-end equipment financing platform.

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