Financing Options
In addition to credit extended directly by Tech Data, you can also use asset-based financing through independent financial service companies. Tech Data pays the first 30 days' finance charges if your open account is in good standing and if you do business through one of the preferred companies listed below:
GE Financial Services
1-800-461-9039
Guy Poirier x6580
IBM Financing
Call: 1-800-IBM-CALL, (1-800-426-2255) ext. 710 or
E-mail: ibmlease@ca.ibm.com
The most common arrangements for asset-based financing are:
- Inventory financing
- Accounts receivable financing
Accounts Receivable Financing
Accounts receivable financing secures the amount of the loan with an interest in the borrower's receivable accounts.
Inventory Financing
Inventory financing, also called "distribution financing", or "floor planning," secures the amount of the loan with an interest in the goods to be resold and is commonly used in sales of durable goods to most computer resellers.
In either case, the finance company pays Tech Data and retains an interest in the assets until you repay the loan from the proceeds of the sale.
Asset-based financing does not encumber your Tech Data Open Account. It generally provides slightly longer repayment terms, and can be structured to automatically finance new assets as old assets are paid-off.
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