HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--GE Capital Solutions, Commercial Distribution Finance (CDF), recently signed an agreement to provide 60 day free financing terms for qualified SonicWALL channel partners who acquire SonicWALL product from any of the following distributors: Tech Data, Ingram Micro, Securematics or Alternative Data Technology.
"SonicWALL is committed to supporting our channel with finance programs through GE that allow them to control cash flow and streamline their business processes," said Marvin Blough, vice president Americas Sales at SonicWALL. "We recognize the importance of going to market with a finance provider that serves our entire channel community, from the small to medium-sized reseller to the very large system integrator."
CDF provides financing that includes accounts receivable working capital loans, purchase order financing, inventory financing and other programs for various industries, including technology and telecommunications.
"CDF is pleased to provide SonicWALL resellers with working capital solutions for purchase order and receivable financing," said Jim Masielle, senior vice president, Business Development in CDF's Technology unit. "SonicWALL's programs offer extended repayment terms that help provide the working capital needed for reseller product purchases and installations of the wide array of SonicWALL network products and services."
About GE Capital Solutions, Commercial Distribution Finance
GE Capital Solutions, Commercial Distribution Finance, is a leading provider of specialized financing products and services for various industries. Offerings include inventory financing, accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. Additional information about CDF can be found online at www.ge.com/cdf.
GE Capital Solutions provides leasing, lending and capital investment products and services to help business customers grow. It has over $90 billion in assets, serves more than 1 million clients around the world and is headquartered in Danbury, Conn., USA. For more on GE Capital Solutions, go to www.ge.com/capitalsolutions. 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.
Contacts
GE Capital Solutions
Commercial Distribution Finance
Dave Dreyer, 770-850-4017
Stephen White