GE Introduces Finance Program for Security Channel Partners
HOFFMAN ESTATES, Ill.
GE’s Commercial Distribution Finance (CDF) unit announces the introduction of a “Working Capital Solutions” finance program for GE Security’s Channel Partners. The program is customizable to meet the capital needs of GE Security’s Channel so it can better support its growth opportunities.
“CDF’s Security Working Capital Finance program is designed to free up as much of a partner’s working capital as possible, thereby supporting their growth opportunities,” says Tom Grathwohl, managing director of CDF’s Technology business unit. “Access to capital is critical, especially in an industry where the time between inventory delivery and accounts receivable collections is 60 days or more.”
CDF’s Working Capital Solutions include three programs:
- Extended terms financing : with extended repayment terms,dealers can improve cash flow, because they can more closely match repayment terms with accounts receivable collection.
- Purchase order funding: CDF will provide credit to dealers who want to fulfill a specific contract or purchase order to support contracts for Federal, state or local governments, educational institutions and commercial entities.
- Accounts receivable financing: qualified dealers can establish credit lines tomeet ongoing cash needs and enhance their cash flow. This improves cash flow thatmay be critical during periods of increased sales
“This is truly a one-stop financing solution for our channel partners that will help them improve their cash flow and support their future growth,” says Bob Haskins, general manager of Integrator Channel Sales. “By leveraging CDF’s expertise in financing, our customers will have a reliable source of capital to meet their needs from a provider who understands their business and is committed to providing the best financial solution.”
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