Komatsu Financial To Enhance Financing Offerings

Vernon Hills, Ill.-based Komatsu announced that it will begin a new multi-year relationship with HSBC to launch a Komatsu private label finance program. The new program will be available to Komatsu's entire U.S. dealer network.

The new Komatsu credit card will make it easier for Komatsu customers to purchase equipment, parts and supplies. In addition, customers will benefit from increased purchasing power, revolving credit lines, periodic promotional financing offers, flexible payment options and streamlined expense management. Komatsu distributors will benefit from being able to offer additional purchasing and financing options for their customers.

"We are excited about our new relationship with Komatsu and its distributors," said Brian Zempel, managing director for HSBC's business solutions group. "With our commercial experience and our state-of-the-art commercial platform, we will work closely with Komatsu to develop innovative, flexible credit solutions that will help them stand out from the competition and drive incremental sales."

"This program will give our customers exciting new buying power and flexibility in financing options," said Walter Savage, director of marketing and administration, Komatsu Financial. "The construction industry changes from day to day. New challenges bring new demands on our customers and their equipment needs. With the Komatsu credit card, we are making it easier for Komatsu and our distributor network to serve those changing needs making sure that we can get a customer behind the controls as soon as the need arises."

HSBC Business Solutions focuses specifically on the business-to-business financing needs of North American companies that operate through distributorships, catalogs, Internet and traditional retail stores.

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