GE Capital Provides Inventory Financing for Logicalis
GE Capital’s Commercial Distribution Finance (CDF) business announced a new $30 million inventory finance program with Logicalis, an international IT solutions and managed services provider based in Farmington Hills, MI. The new supplier facility enables Logicalis to finance inventory purchases from specific original equipment manufacturers (OEMs) and provides extended interest-free repayment terms that will enhance the company’s cash flow and credit capacity.
Logicalis will also gain access to COMS, CDF’s online inventory management tool, and to proprietary industry insights and analytics through a dedicated team of CDF IT industry experts who will work closely with the company.
“CDF’s understanding of our industry and flexible financing terms make it the ideal lender,” said Todd Yaekle, vice president of finance with Logicalis. “The expertise and the credit line provided by CDF will help us achieve our growth goals.”
“This program was customized to meet Logicalis’ specific needs and support its growth plans,” said David Laurence, vice president and sales director of CDF’s technology finance unit. “CDF has been supporting the IT industry for more than 30 years and is well positioned to help Logicalis succeed.”