Wells Fargo Capital Finance has established a channel financing program for global technology solutions company Dell. Dell Financial Services, in cooperation with Wells Fargo’s Capital Finance Channel Finance Program, is able to offer special extended financing terms, interest-free, to their resellers and channel providers.
Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC), announced that their Supply Chain Finance group, has established a Channel Financing program for Dell, a leading global technology solutions company. Dell Financial Services, in cooperation with Wells Fargo’s Capital Finance Channel Finance Program, is able to offer special extended financing terms, interest-free, to their resellers and channel providers. Channel finance, also known as an open-account alternative financing program for vendors and resellers, supports Dell’s continued focus on providing their channel partners a solution that will increase their cash flow, improve liquidity and attain the financial flexibility to help grow their businesses.
“We are pleased that Dell and Wells Fargo have established an extended terms channel finance program that helps support our innovative IT solutions,” said Harry Martin, Jr., president and CEO of Intelligent Decisions. “Dell’s extended term financing is the type of creative solution that allows us the flexibility to pursue our strategic initiatives and meet the needs of our customers.”
“As a leading channel finance provider, we are very pleased to be one of Dell’s top channel finance providers to improve liquidity for their channel partners,” said Steve Hopkins, senior managing director, Supply Chain Finance group, Wells Fargo Capital Finance. “We look forward to supporting Dell and their commitment to their channel partners as we work together on providing financial solutions to enable growth.”
Cheryl Cook, Dell’s vice president of Global Channels and Alliances, said, “As we announced in December, Dell continues to create and deliver added value to the PartnerDirect program, making it easier for our partners to bring more solutions to customers. With Wells Fargo’s expanded repayment and credit terms offered through Dell Financial Services, both partners and customers can access the capital they need to build infrastructure and invest in their businesses.”
For more information on Wells Fargo’s Channel Finance program, please call 877-467-0757 or visit www.wellsfargocapitalfinance.com/supply-chain.php.
About Wells Fargo Capital Finance
Wells Fargo Capital Finance is the trade name for certain asset-based lending services, senior secured lending services, accounts receivable and purchase order finance services, and channel finance services of Wells Fargo & Company and its subsidiaries. For more information, visit wellsfargocapitalfinance.com.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.5 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at blogs.wellsfargo.com.
Dell Inc. listens to customers and delivers innovative technology and services that give them the power to do more. For more information, visit www.dell.com.
©2014 Wells Fargo Capital Finance. All rights reserved. Products and services require credit approval. Wells Fargo Capital Finance is the trade name for certain asset-based lending services, senior secured lending services, accounts receivable and purchase order finance services, and channel finance services of Wells Fargo & Company and its subsidiaries.