At Nortel, vendor financing
represented almost 7 percent of revenue last year.
With vendor financing
present at the point of sale, there's a financing alternative to help customers finance or lease that product.
Pang also comments on the outlook for the Chinese vendor finance market, stating, "There is an opportunity for significant growth in the vendor financing
space in China as leasing penetration continues to increase and fair market value leasing becomes more prevalent throughout the region.
The expansion within Europe of LFS further demonstrates our position as a leading provider of vendor financing
solutions and reinforces our commitment to the market.
This announcement demonstrates our commitment to providing our customers the best vendor financing
experience possible, and we believe that the Lenovo Financial Services Program will allow us to focus on financing programs tailored to meet the specific needs of our customers.
This perspective on current vendor finance trends is one of several insights Arrington shares in "The Changing Landscape of Vendor Financing
," the latest installment of CIT's award-winning "5 Minute Capital" (www.
NYSE: CIT), a leading global commercial finance company, today announced a vendor financing
relationship between CIT Vendor Finance, Canada and Metafore, a leading provider of IT solutions in Canada.
In addition, the customer can access CIT and Tokyo Leasing for global vendor financing
and structuring capabilities as they look to grow sales in Asia and around the world.
NYSE:CIT), a leading global commercial finance company, today announced the expansion of its global vendor financing
relationship with Microsoft Corp.
Siming Li, Managing Director, CIT Vendor Finance, Asia Pacific, said, "The opening of this office represents our commitment to providing efficient and high quality service to our local clients as we seek to become the premier vendor financing
partner of companies in China.
NYSE: CIT), a leading global provider of commercial and consumer finance solutions, today announced a global vendor financing
agreement with EFI (Nasdaq: EFII), the world leader in color digital print servers, superwide format printers and inks, and print management solutions.
CIT, a Fortune 500 company and a member of the S&P 500 Index, holds leading positions in vendor financing
, factoring, equipment and transportation financing, Small Business Administration loans, and asset-based lending.