WFCF Establishes Channel Finance Program for D&H Distributing
Wells Fargo Capital Finance announced that its Supply Chain Finance group has established a Channel Financing program for D&H Distributing. D&H recently added new tools and resources to support re-sellers working in the K-12 education marketplace, in accordance with guidelines from programs such as the U.S. Administration’s new ConnectED education initiative. D&H, in cooperation with Wells Fargo’s Capital Finance Channel Finance Program, is able to offer special extended financing terms, interest-free, to its re-sellers that will increase their cash flow, improve liquidity and attain the financial flexibility to help grow their businesses through sales in this vertical market.
D&H is rooted in the tradition of taking a hands-on role in helping its re-seller customers and manufacturing partners achieve their sales goals. The company is providing materials such as training, marketing materials and assistance with inventory and bid processing to support value-added re-sellers (VARs) in the complicated education marketplace.
The new financing program helps provide financial resources for VARs that are looking to fulfill technology needs in K-12 classrooms, in support of the federal government education initiatives such as the ConnectED program, which calls for increased technology in the classroom. All D&H K-12 products are eligible for this program, including desktops, laptops, notebooks, tablets, protective cases, charging/storage carts, networking, headphones, projectors, screens and calculators.
“D&H is thrilled to be working with Wells Fargo Capital Finance to help extend favorable new finance options to our customers in the education vertical,” said Tony Warfield, director of credit services at D&H Distributing. “This new financing avenue will deliver additional purchasing power to help VARs accommodate new K-12 opportunities. It is a terrific complement to the host of new resources available through D&H to help resellers develop sales in this market.”
“As a leading channel finance provider, we are very pleased and honored to work with D&H on its K-12 education sales initiative for resellers,” said Steve Hopkins, senior managing director, Supply Chain Finance group, Wells Fargo Capital Finance. “We look forward to supporting D&H and their commitment to their channel partners as we work together on providing financial solutions to their resellers and supporting the education of our children across the country.”
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