Tire Centers L.L.C. has begun offering a revolving credit program for qualifying commercial fleets and haulers to foster business with growing customers.
The program, in partnership with GE Distribution Finance, grants approved businesses either a 25-day grace period or the option to extend payments for up to 12 months, depending on the purchase amount, according to the finance company, which is the commercial arm of GE Consumer Finance.
``The program is particularly valuable because it enables growing business customers to make their tire and vehicle maintenance purchases without tying up other credit lines or impacting their cash flow,'' said Chris Little, vice president and general manager of GE Distribution Finance, in a prepared statement.
The program also is flexible, enabling ``businesses to better manage the maintenance and tire budgets for their vehicles, which are essential to their company's performance, operating affectivity and cash flow management,'' said Evan Roberts, commercial marketing director for TCI, a wholly owned subsidiary of Michelin North America Inc.
TCI began offering the program, called TCI Business Revolving Charge, April 1 at its 150-plus locations nationwide.
GE Distribution Finance, based in Jacksonville, Fla., provides business-to-business trade receivables management solutions, including private label credit programs, account receivable financing and inventory financing for national and regional clients. GE Consumer Finance-a unit of General Electric Co. with more than $77 billion in assets-is a leading provider of credit services to consumers, retailers and auto dealers in 35 countries around the world.