Tech Data, which recently extended its Credit Elevator scheme to a maximum of £1 million, has already seen one customer reach the new limit and several more come close.
The Credit Elevator programme automatically moves resellers up from an initial credit line of £5,000, as long as 75% of the line is used within the month and payment is made on normal 30-day terms. Resellers can extend the line every month or move up to the next level when sales grow. Once a reseller has attained a £1 million credit line, Tech Data will renegotiate limits and Ts&Cs to ensure all their needs are being met.
Nick Tiltman, Credit Services Director, said: “It’s great to see a reseller reach he top of the Credit Elevator so soon. It proves there is a need to make it easier for customers to grow their credit line without having to jump through the same set of hoops every few weeks. There are plenty more moving up the scale now, so we’d expect others to reach the top quite soon.”
He added: “We’ve had a lot more dialogue and interaction on credit in the past three months. Resellers are facing new challenges around managing finance and we’re very happy to discuss options and work with them to find appropriate solutions that will work for everyone.”