GE Capital CDF Expands Capital Financing for IT Providers
GE Capital, Commercial Distribution Finance (CDF) is expanding the pool of working capital financing available to small- and middle-market information technology solution providers. With secured lending from a reliable liquidity source, entrepreneurs may be more prepared to bid on large projects, even if they expect extended cash collection periods from their customers.
CDF’s working capital solutions program provides qualified borrowers with financing that can be used to meet immediate payment obligations while potentially offering benefits such as streamlined credit approvals, simplified documentation requirements and expanded borrowing capacity. Solution providers may purchase products directly from a pool of more than 100 technology vendors that have financing arrangements with CDF or distributors whose products may also be financed by CDF.
Borrowers may be eligible for a revolving line of credit with advance rates of up to 100%. They may also qualify for extended and, in some cases, interest-free financing that is subsidized by the technology vendors.
CDF provided more than $18 billion in financing to more than 1,300 IT channel partners globally in 2013. It has supported the IT industry for more than 30 years. GE Capital, Commercial Distribution Finance provided $34 billion in financing for more than 30,000 dealers and more than 3,000 distributors and manufacturers in the U.S. and Canada in 2013.