Technology Resellers Get Credit Help from Fujitsu, GE CapitalBy Jessica Davis | Posted 2009-06-29 Email Print
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Fujitsu America and GE Capital are partnering to offer 60-day payment terms to technology resellers who source select Fujitsu America products through technology distributors D&H, Tech Data and Synnex. The offer is one of several special credit and finance offers extended by vendors and distribution companies in cooperation with third-party financing firms to help jump-start technology spending as traditional sources of credit have dried up.
Resellers now have another option when it comes to obtaining financing for
Fujitsu America-branded products. GE Capital’s Commercial Distribution
Finance arm is offering extended distribution financing programs—60-day payment
terms—for resellers who source Fujitsu America
products through distributors D&H, Tech Data or Synnex.
Fujitsu isn’t the first to launch such a program. Several vendors and distributors have opened up the war chest in recent months, offering extended financing terms and other special credit offers to help facilitate deals.
At the same time, other
doors have shut as the credit crisis that began last fall has
taken its toll on all kinds of credit.
"Fujitsu America recognizes recent economic conditions create the need to support the distribution of our products by providing resellers with working capital financing options," says Matt McManus, vice president North American Channel Sales for Fujitsu America, in a prepared statement. "Our finance program through GE gives Fujitsu America resellers the credit availability and terms options to best fit the resellers' needs."
The Fujitsu America financing program provides up to 60-day interest-free payment terms on all Fujitsu server/storage and mobility purchases made through Tech Data or Synnex, according to the companies. Similar terms are available for Fujitsu mobility product purchases made through D&H. To qualify, all program purchases must be financed by GE Capital.