Channel
Finance Solutions
Purchase
Order Finance (STAR)
During the last twenty years, corporations
and governments have switched from central mainframe systems
to networks of desktop computers, telecommunications and more.
In many cases, this has created lucrative opportunities for resellers
to bid on large contracts with these blue-chip organizations.
However, credit constraints for small- to medium-size resellers
sometimes put these opportunities beyond their reach. That's
where STAR (Short Term Accounts Receivable) can help. STAR is
a purchase-order funding program designed specifically to allow
resellers and VARs to compete for large contracts, without impacting
their existing lines of credit with Commercial Distribution
Finance (CDF). The program is driven by the creditworthiness
of the end-user and CDF's rating of the participating reseller/VAR.
By removing many finance barriers, CDF's STAR program lets resellers/VARs pursue business
from Fortune 1000 corporations, government entities and educational
institutions.
Key Advantages of
CDF Purchase Order Finance (STAR) Program
- STAR allows resellers to bid on
large transactions that may have been out of reach due to
credit constraints.
- STAR does not affect established
CDF credit lines.
- All items on a purchase order can
be covered under STAR -- not limited to inventory from certain
manufacturers.
- STAR does not limit your sales to
the collection of your receivables.
- With STAR, 60- to 90-day payment
schedules on major accounts are no longer a risk to your
business.
- STAR will not affect your cash flow
as you take advantage of new opportunities and new markets.
- STAR affords instant access to account
information and payment options through our web
portal, to manage your account transactions online.
To apply for a STAR
transaction, simply complete the following steps:
- You must be an active CDF customer.
- For credit line needs in excess
of $500,000 please contact a CDF representative at (800)
257-8372.
- Or, for credit line needs up
to $500,000 apply now using our on-line SMB Reseller application.
- Notify your CDF Account Manager
at (800) 452-9863 of the end user name, address, purchase
order amount and vendor.
- CDF will review the end user for
credit approval.
- Once you are notified of end user
credit approval, complete the appropriate document form listed
and mail it to CDF. If you prefer, your CDF Account Manager
will e-mail you the appropriate package ready for signatures.