New working capital for GE Security channel partners
By SSN Staff
Updated Thu June 28, 2007
HOFFMAN ESTATES, Ill.--GE Security channel partners have new capital available to them under a new financing program called Working Capital Solutions, introduced by GE's Commercial Distribution Finance unit on June 20.
Working Capital Solutions has three programs: Extended Terms Financing, to help dealers more closely match repayment terms with accounts receivable, thereby improving cash flow; Purchase Order Funding, credit for dealers to fulfill purchase orders for government, educational institutions and commercial entities; and Accounts Receivable Financing, to meet ongoing cash needs for qualified dealers to improve cash flow during periods of increased sales.
Last year, GE Money and GE Security jointly introduced a program designed to help dealers in GE Security's builder program offer financing to homeowners who want to purchase security systems (search "GE Money" at www.securitysystemsnews.com).
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