HP Extends Finance Program for Partners
PALO ALTO, Calif. -- HP today expanded its HP Extended Finance Program, which provides flexible financing options for partners to increase profit potential when purchasing and reselling HP products.
Value added resellers (VARs) are faced with challenging economic conditions that impact the availability of funds and limit growth opportunities. HP offers flexible financing options that enable partners to increase cash flow and working capital, enhancing their purchasing power as well as aligning their cash cycles to client demands.
“Many resellers are up against credit obstacles that impede their ability to meet client demands,” said Terry Richardson, vice president, Channel Sales, Enterprise Group, United States, HP. “HP’s Extended Finance Program helps partners obtain funds on flexible terms, so they can fulfill client needs without interruption.”
The HP Extended Finance Program has been expanded to include commercial Industry-standard Servers and Software (ISS) SmartBuy products, making it even easier for partners to do business with HP and successfully compete in the small to medium-sized business (SMB) market.
The HP Extended Finance Program allows qualified resellers(1) to purchase HP solutions to fulfill client orders with interest-free, 60-day repayment terms. All business is transacted through select participating distributors,(2) and qualifying purchases automatically receive 60-day payment terms from one of the top four selected financing vendors, giving partners a choice of competitive programs.(3)
This initiative builds upon the original HP Extended Finance Program, launched in August, which provides 60-day interest-free payment terms for qualified resellers on eligible HP Printing and Personal Systems (PPS) products, including all commercial HP SmartBuy products, mono MFP printers (PL C5), color MFP printers (PL ST) and scanners (PL 4X).
Additional information about the HP Extended Finance Program is available from local representatives.
(1) Program is open to Non-DRC Tier 2 resellers in the United States.
(2) Participating distributors include D&H, Ingram Micro, Synnex and Tech Data.
(3) Participating HP Finance Vendors include De Lage Landen, GE Capital, IBM Global Finance and Wells Fargo Capital Finance.
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