SED International Announces New US Credit Programs
SED International Holdings, Inc. (Amex: SED), a multinational supply chain management provider and distributor of leading computer technology, consumer electronics, small appliances, housewares and personal care products, today announced new programs for Small-Medium Business (SMB) resellers in the United States that will infuse increased credit availability into the channel. SED’s SMB reseller base includes technology Value Added Resellers (VAR’s), system builders, and independent retailers.
The programs include two main components: increased credit lines for current domestic SED customers and a no fee expedited set-up of terms for new customers. SED is increasing credit lines for roughly 1,200 of its SMB customers by up to 50%, extending an approximate $15 million in additional new credit availability. The new customer component allows resellers to sign up for an account with SED using its no fee one-page “SMB Quick Terms” application, which provides a net terms decision in typically less than one business day.
“It is important to us that we continually equip our customers with the tools they need to succeed,” said Lyle Dickler, CFO and VP of Finance. “For the small to medium customer, the financing part of their business is critical and often under pressure. We want to do what we can to alleviate that pressure and help them confidently go after new business to grow and compete with larger players. For over thirty years SED has catered to and supported the small to medium customer because we believe in the value they bring to the market.”
SED is known by the SMB reseller for its world-class service through a high-touch model that includes dedicated account representation for all size customers. More information about these programs and services can be found through an SED Account Representative or on its website at www.sedonline.com.ABOUT SED INTERNATIONAL HOLDINGS, INC. Founded in 1980, SED International Holdings, Inc. is a multinational, preferred distributor of leading computer technology, consumer electronics, small appliances, housewares, and personal care products. The company also offers custom-tailored supply chain management services ideally suited to meet the priorities and distribution requirements of the e-commerce, Business-to-Business and Business-to-Consumer markets. Headquartered near Atlanta, Georgia with business operations in California; Florida; Georgia; New Jersey; Texas; Bogota, Colombia and Buenos Aires, Argentina, SED serves a customer base of over 10,000 channel partners and retailers in the US and Latin America. To learn more, please visit www.SEDonline.com; or follow us on Twitter @SEDIntl.
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