GE Capital Launches Finance Program for HP Reseller Partners

| August 3, 2012 | 0 Comments

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 DH 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.

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 (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
lisa.tibbitts@ge.com

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