OREANDA-NEWS. June 09, 2011. Lenovo (HKSE: 992) (ADR: LNVGY) today announced a new program by Lenovo Financial Services to extend financing terms to small-to-medium business (SMB) resellers in the U.S. The Lenovo Partner Credit program offers eligible resellers up to 60 days of interest free credit by extending indirect financing through Lenovo’s distributors: D&H, Ingram Micro, Synnex and Tech Data.

“We’ve introduced the Lenovo Partner Credit program in direct response to feedback from resellers who tell us they need working capital solutions to grow their business,” said Chris Frey, North American channel chief, Lenovo. “Resellers now have an industry-leading solution to meet working capital objectives and leverage profitable revenue growth.”
 
The Lenovo Partner Credit Program, a joint program between Lenovo and De Lage Landen Financial Services, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, complements Lenovo Financial Service’s existing end user financing program, launched in June 2010. These programs give resellers powerful end-to-end solutions to address their own, as well as customer, requirements for available credit to finance PC acquisitions.
 
”We are excited to offer this product service to Lenovo resellers,” said John C. Reed, president, De Lage Landen Commercial Finance. ”SMB financing is a core competency for De Lage Landen and an underserved product offering in the channel.”
 
The Lenovo Partner Credit program comes on the heels of Lenovo’s first U.S. Channel Partner Summit in Las Vegas for more than 500 SMB resellers, which focused on Lenovo’s channel strategy, products and programs to accelerate business in this high growth segment. Lenovo has experienced recent record growth as the fastest growing of the top five PC manufacturers for six consecutive quarters and outgrowing the worldwide PC market for eight quarters in a row.
 
The Lenovo Partner Credit program begins immediately in the U.S. and is expected to expand to Canada by the end of 2011. Resellers can access more details and contact information about Lenovo Financial Services programs at www.lenovopartnernetwork.com.