The New Distribution Finance Program is scheduled to be launched by GE Capital Solution’s Commercial Distribution Finance on Jan 1,2009. This launch at a time when most companies are pulling back is a statement of confidence by GE. It is a no interest-financing program for qualified distributors of EFI (EFI) Inkjet products. It extends over a term of 120 days and will be a boon to the EFI Resellers
John Ritchie CFO of EFI says “EFI understands that the distribution channel is facing a challenging economy so we are creating financing solutions with GE Capital Solutions, the leader in channel working capital finance, We are launching this extended terms program at a time when many technology companies are pulling back, which reflects our confidence in our products and commitment to our partners.”
The CDF financing plan is a comprehensive one and covers the entire gamut from working capital loans to purchase order financing. It also covers technology and telecommunications
“We are pleased EFI chose GE Capital Solutions to provide the working capital financing needs of their customers,” said Tom Grathwohl, managing director of CDF’s Technology unit. “With finance programs designed for integration solution providers of all sizes, we are positioned to support EFI’s continued growth.”
