Tech Data UK opens £150m worth of credit for resellers

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More than 4,000 of distributors “frequent” partners will be able to access additional credit lines automatically

Tech Data UK has opened up additional credit facilities totalling more than £150 million to 4,000 of its most frequent customers.

The extra credit has been applied to customer accounts automatically, with extended payment options available for resellers targeting the education sector.

Extended invoice payments for those partners should help them fund the acquisition of audiovisual equipment ahead of the peak school buying season of June and July, Tech Data claimed.

Tech Data UK&I managing director Andy Gass said: “Tech Data puts the customer first and this is a great example how we are doing more to help them grow their business.

“The additional £150 million of extra credit we are making available demonstrates our commitment to them and will ensure they can maximise all their opportunities and make it easier to do more business, both with existing and new customers. The extended payment terms will give public sector-focused resellers the chance to maximise their potential in the peak buying period for education over the summer.”

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