NewswireToday - /newswire/ -
Irving, TX, United States, 2010/09/16 - GE Capital will manage a new end-user financing program for sales generated through Dell's 20,000+ technology resellers in the U.S. NYSE: GE
Capital announced today that it has been chosen by Dell Inc. and Dell Financial Services to support a new end-user financing program. This program applies to sales of technology solutions generated through Dell’s 20,000+ channel partners in the U.S.
“We are excited to provide end-users with simple, convenient and affordable ways to acquire IT via our channel partners,” said Larry Graves, Vice President and General Manager, Dell Financial Services. “We’re pleased to be working with GE Capital, which has deep expertise and a strong brand reputation in the reseller community.”
“Partners told us they wanted the ability to deliver financing solutions to their customers,” said Greg Davis, Vice President and General Manager, Dell Global Commercial Channels. “This program is in response to their request and is specifically designed to address the need to offer financing for their end-user customers.”
GE Capital is a leading provider of vendor financing to makers of technology products and services as well as many other industries that are driving the U.S. economy. Over the past five years, it has provided approximately $10 billion to finance technology-related purchases. GE Capital’s Vendor Finance business currently operates several technology-related finance programs involving software, hardware and accompanying services.
“We have a legacy of service to technology customers and a dedicated focus on the IT reseller channel, making us uniquely positioned to deliver exceptional service,” said Jim Kelly, General Manager of GE Capital, Vendor Finance. “We stand ready to provide Dell’s partners with innovative online resources to manage their portfolios, timely decision-making and a streamlined sales process to help them grow and succeed.”
About Dell Inc.
Dell Inc. (NASDAQ: DELL) listens to customers and delivers worldwide innovative technology, business solutions and services they trust and value. For more information, visit dell.com/.
Founded in 1997, Dell Financial Services facilitates customer financing of products and services through consumer and small business revolving loans and fixed-term business loan and lease financings in the U.S. and through global partners internationally.
About GE Capital, Vendor Finance
GE Capital, Vendor Finance currently operates more than 40 active programs, providing billions of dollars in financing annually to support equipment manufacturers and dealer networks. With long-term relationships and dedicated channel support, Vendor Finance works with small, medium and large enterprises as well as entities in the public finance arena.
GE Capital offers businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital).
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide.