DELRAY BEACH, Fla. Office Depot and the technology vendor PrimeStreet have formed an alliance to deliver a full range of credit products to the office supplies giants small-business customers.
PrimeStreet, of Boston, will power Office Depots online finance center, which will offer small-business customers instant access to business financing. PrimeStreet will also supply the technology to enable instant credit at the point of online purchase.
Our relationship with PrimeStreet underscores our commitment to offer our small-business customers a comprehensive suite of core business services, said Monica Luechtefeld, executive vice president of e-commerce for Office Depot.
Through Finance Center, customers will be able to reach lenders including Bank One, Wells Fargo, Citibank, CIT, and Heller Financial. The lenders will offer business loans, unsecured and secured lines of credit, and leases, Ms. Luechtefeld said. Office Depot also plans to implement PrimeStreets technology for point-of-sale financing, she added, so our customers can apply for financing online and receive immediate approvals to fund their purchases.
The PrimeStreet credit processing system and network of more than 60 lenders provides Office Depot with a branded, instant online finance center capability, the companies said. The aim is to give its small-business customers ready access to real-time credit.