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DBL Distributing Extends Credit For Existing Customers
Company extends $58.5 million in credit for 2,800 existing DBL customers.
08.11.2008 — DBL Distributing is extending its credit by $58.5 million for 2,800 existing DBL customers.
The company says it is increasing customer financing to accommodate the current growth trends within the CE industry.
CE sales have increased each of the last two months: 3 percent in June and 7 percent in May.
DBL reviewed the accounts of every customer and extended credit to customers who use the company's financing option and cash-on-delivery (COD) as a form of payment.
DBL also says these credit extensions will allow DBL customers to offer their clients a wider selection of products.
"DBL's credit improvements are designed to help our customers stock their shelves with the best products and accessories in the market," says Bruce Kuperman, senior VP of sales.
"These customers have shown significant growth throughout the first half of the year and we felt it was important to provide additional financing as we approach the fourth quarter."
The company says it is increasing customer financing to accommodate the current growth trends within the CE industry.
CE sales have increased each of the last two months: 3 percent in June and 7 percent in May.
DBL reviewed the accounts of every customer and extended credit to customers who use the company's financing option and cash-on-delivery (COD) as a form of payment.
DBL also says these credit extensions will allow DBL customers to offer their clients a wider selection of products.
"DBL's credit improvements are designed to help our customers stock their shelves with the best products and accessories in the market," says Bruce Kuperman, senior VP of sales.
"These customers have shown significant growth throughout the first half of the year and we felt it was important to provide additional financing as we approach the fourth quarter."
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Steve Crowe, Web Editor
Steve is an editor for cepro.com. He graduated from Emerson College with a B.A. in Journalism. He joined the CE Pro staff in 2008. Steve is also a freelance sports writer for The Boston Globe and other various publications.
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