Henry Howard Finance (“HHF”) has teamed up with a major UK CCTV and security distributor to offer asset finance solutions to businesses seeking affordable access to state-of-the-art CCTV, Fire and Security systems. The exclusive deal, launched this month, makes leasing agreements available to security installers who purchase their equipment from Hertfordshire-based firm Infinite Distribution.
Infinite Distribution, which has been distributing high-tech and bespoke CCTV systems since 2013, has over doubled in size in the last twelve months. It is expected that a partnership between the innovative distributor and the award-winning Henry Howard Vendor Finance team, will drive their increasing sales volumes even further.
Gareth Williams, account manager at Henry Howard Vendor Finance, said, “Our partnership with Infinite Distribution is an exciting development and we are optimistic about the security sector developing across the UK. Over the last 20 years, Henry Howard has supported many independent installers, and we are pleased to be working so closely with one of the UK’s leading distributors moving forward.”
Melanie Day, business development manager of Infinite Distribution said, “We are delighted to be able to provide flexible funding solutions to Infinite Distribution’s ever-growing portfolio of customers, and to drive sales opportunities for our installers. We aim to support our partners across the UK by developing our services and products, and achieving our ambitious sales and growth targets with a new range of leasing solutions.
“We recognise that that the ability to offer finance will support and increase our installer sales, and in turn help smaller businesses, who might not be in the position to invest a large amount of working capital upfront.”
As part of the agreement, all approved installers will be given access to HHF’s online lease portal HowApp. The HowApp portal is designed to support the sales process by providing automated credit decisions and agreements that can be completed with e-signatures at the point of sale.
James Barnes, account manager at Henry Howard Vendor Finance, added, “We look forward to supporting Infinite Distribution adopt leasing solutions across their installer base, and to demonstrating how effective leasing can be in reducing transaction and payment times.”
The scheme launched on 1 August. All installers will be provided with details of the scheme over the coming weeks.