HOFFMAN ESTATES, IL -- Ricoh Americas Corporation and GE Capital Commercial Distribution Finance today announced the launch of a finance program available for qualified dealers of Ricoh U.S. branded products including Ricoh, Savin and Lanier. The finance program offers dealers discounts, no interest financing and payment terms of up to 90 days.
"During this challenging economic environment, we recognize the need to support the distribution of our products by providing dealers flexible financing options," said Christopher Chando, Director of Leasing and Contracts for Ricoh. "We appreciated GE's ability to quickly understand our objectives and provide the inventory finance solution we were looking for."
GE Capital's Commercial Distribution Finance business provides financing options that include accounts receivable working capital loans, purchase order financing, inventory financing and other programs for various industries, including document imaging and technology.
"Distribution finance programs are a good option for businesses eager to keep their products moving through distribution channels," said Tom Grathwohl, managing director of Technology and Electronics for CDF. "By working closely with customers, we can quickly provide solutions to help support their business objectives."
About Ricoh Americas Corporation
Ricoh Americas Corporation, headquartered in West Caldwell, N.J., is a subsidiary of Ricoh Company Ltd., the 73-year-old leading supplier of office automation equipment and electronics, with fiscal year 2008 sales in excess of $20 billion.
Ricoh Americas Corporation is a leading provider of document solutions. Ricoh's fully integrated hardware and software products help businesses share information efficiently and effectively by enabling customers to control the input, management and output of documents.
Ricoh Americas Corporation directly or through its network of authorized dealers markets and distributes products in North, Central and South America.
Information about Ricoh's complete range of products and services can be accessed on the World Wide Web at http://www.ricoh-usa.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. 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. For more information, visit the company's Web site at www.ge.com.
Ned Reynolds
GE Capital
[email protected]
+1 203 2295717
+1 203 8370699
Mark Chesney
GE Capital Commercial Distribution Finance
[email protected]
1-847-747-6518
1-847-544-9362