D&H Canada has announced incremental credit line increases totalling approximately $80 million over the 2017 fiscal year, which lasts between May 1 2016 to April 30, 2017.
Rather than a sweeping move, however, the credit line increases will be available to “hundreds” of selected resellers, and is meant to assist in growth among those “positioned for expansion.”
“The selected resellers will see increases in their credit limits of at least 20 per cent, with some able to double their buying power with D&H through the program,” the company said in a statement. “The added credit lines are based on revolving terms, and can be automatically renewed as those debts are paid down on a monthly basis.”
The move is part of D&H Canada’s Business Assurance program, and the credit influx is designed to help customers extend their buying power.
Selection criteria for resellers include good credit standing with D&H, potential for growth, and participation in existing loyalty and rewards programs.
“The program targets specific solution providers according to their needs and their current market positions, identifying those who could particularly benefit from an infusion of credit to take advantage of new opportunities,” the company explained.
More than 70 vendors are supporting the campaign including Cisco, HP and Lenovo.