The US economy may be slowing but Australian finance company ThinkSmart is charging ahead with its previously announced deal with US office supply giant Office Depot.
The Perth company launched a business-to-business leasing operation at 21 Office Depot stores in Florida, in the lead-up to a nationwide rollout planned for next year.
Chief executive Ned Montarello said the slowdown in the US created an ideal market for ThinkSmart because it gave the company “the opportunity to train sales people effectively”.
The company services small businesses owners in need of computers, office equipment and furniture, offering point-of-sale leasing options.
ThinkSmart already has similar deals with electronics retailers in Britain, Spain and Italy. It partners with banks in the markets it serves, freeing the company from holding the loans directly.
Taking a bit of a chance, ThinkSmart is looking on the positive side while continuing on with a deal they have with Office Depot in the US. The leasing operation means that small businesses in need of certain office equipment can lease the stuff they need.
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