SANTA ANA, Calif., Sept. 14 /PRNewswire/ -- Ingram Micro Inc., (NYSE:IM)
the world's leading wholesale distributor of technology products and services, today announced that Ingram Financial Services Company (IFSC), a division of Ingram Micro, will expand its alliance with Deutsche Financial Services (DFS) to offer new lending programs for its reseller customers.
Two new financing programs have been created in an alliance with DFS. FastLine, a lending program touting a two-hour turnaround for loan requests; and a customized financing program for Ingram Micro business partners requiring special financing solutions. FastLine offers resellers a fast, easy lending option for financing products with lines of credit up to $150,000 and decisions made in a few hours. The program offers a free 30-day financing plan or 40-day financing with a .40 percent lending fee per invoice. Both financing options allow Ingram Micro customers to facilitate their clients' needs more effectively during unexpected or unique situations.
"Ingram Micro understands the business needs of our customers. This expanded partnership with Deutsche Financial Services deepens our commitment to be a one-stop shop for resellers," said Lino Martin, senior director of financial services and U.S. treasurer for Ingram Micro. "We are pleased to offer our customers convenient, flexible financing options."
In addition, IFSC is expanding financing for resellers with $10 million or more in annual sales. Resellers can take advantage of 30-day interest-free financing on inventory purchases, and make cash advances on eligible accounts receivables.
"We have been doing business with Ingram Micro and their reseller customers for some time and are looking forward to providing these additional options," said Robert Duncan, senior regional vice president at Deutsche Financial Services. "These new services will be a big advantage to resellers looking for financial options to increase their cash flow and expand their business."
IFSC was formed in 1995 to offer financial service resources to Ingram Micro's reseller customers. In alliance with DFS, Resellers Credit Corp. (RCC) was formed to provide resellers a wide range of comprehensive financing. RCC eliminates the extra step of working with financial institutions outside Ingram Micro by offering solutions to assist resellers in purchasing products and technology for their customers. In addition to the new FastLine program, national credit programs are available to enhance reseller cash flow with asset-based lending programs and customized leasing solutions.
"As a former customer of an outside financing company, I know that any complications in the credit process could effect my business efficiency," said Tom Albert, Ingram Micro customer and owner of Computer Port in North Conway, NH. "FastLine helps minimize these potential complications because it is fast and easy. I use it extensively to help buy product quickly. Ingram Micro has helped make my job easier by providing more resources to assist me in keeping my business growing."
Recent IFSC Announcements
Ingram Micro recently announced IFSC's offering of a customized leasing program for government and education resellers. The program, Partnership America Leasing Solutions, is being provided through a partnership between IFSC and Comdisco, Inc., a technology services company, to give resellers flexible leasing options for procurement opportunities. This is the first stand-alone government leasing program available through a distributor that provides options for federal, state/local and education resellers responding to Requests for Proposals (RFPs) and other government procurement opportunities.
For More Information
For more information on Ingram Micro Financial Services Company and financing options, resellers may call toll-free 877-877-0035.
About Ingram Financial Services Company
Established in 1995 as a division of Ingram Micro, Ingram Financial Services Company develops and markets financial services and products -- such as asset-based lending, purchase order financing, end-user receivable financing and leasing -- to Ingram Micro resellers.
About Ingram Micro Inc.
Ingram Micro Inc., headquartered in Santa Ana, Calif., is the world's leading wholesale distributor of technology products and services, and a leading provider of assembly and integration services, with sales of $19.3 billion for the last four quarters. The company and its affiliates operate in 31 countries and distribute more than 145,000 products to more than 100,000 resellers in 120 countries. Ingram Micro can be found at http://www.ingrammicro.com/.
Ingram Micro is a trademark used under license by Ingram Micro Inc. All other logos, brand names and product names are trademarks of their respective companies.
Source: Ingram Micro Inc.
Contact: Carrie Brooks, Media Relations of Ingram Micro Inc.,
714-382-1403, carrie.brooks@ingrammicro.com
Website: http://www.ingrammicro.com/