HOFFMAN ESTATES, IL -- March 10, 2010 -- GE Capital and McAfee, Inc. today announced that GE Capital's Commercial Distribution Finance business has launched an extended distribution financing program for McAfee value-added resellers (VARs). This finance program, which is now available, offers resellers 60-day interest-free repayment terms to McAfee resale partners who purchase products through U.S. distributors Arrow ECS, Ingram Micro and Tech Data.
The financing program from GE Capital will provide to qualified dealers streamlined credit approvals, simplified documentation requirements and generous credit capacity. Combined with GE Capital's dedicated industry expertise and 24/7 online account management system, the program can help resellers succeed in the current economic environment.
"McAfee recognizes the challenges in today's channel and is offering this extended terms program to help our partners' cash flow," said Fernando Quintero, vice president of channel operations for the Americas at McAfee, which is based in Santa Clara, CA. "Leveraging GE Capital's expertise in the channel will help us deliver on our goal of fueling our resellers' success."
"We are pleased to be working with McAfee in support of these extended terms and working capital finance programs for their resellers," said Tom Grathwohl, managing director of Technology and Electronics for GE Capital, Commercial Distribution Finance. "We work closely with our customers to deliver reliable working capital solutions to assist in their growth and market development."
For more information about the program, visit www.geitfinance.com.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance is a leading financing provider to manufacturers and their distributors. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. Additional information can be found online at www.ge.com/cdf.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. Visit ge.com.
Ned Reynolds
GE Capital
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