Arrow Capital Signs New Vendor Program With Myers Tire Supply

SAN JOSE, Calif., July 8 -- Arrow Capital Corporation, a financial services company, announced that it has signed a vendor program agreement with Myers Tire Supply, a division of Myers Industries and the largest U.S. wholesale distributor of equipment and supplies for tire, wheel and allied service needs.

Myers will use a custom-designed Arrow program to support the marketing of service equipment to Myers Tire Supply end customers. Arrow will administer the program, which will be integrated into Myers' sales and marketing channels.

The new financing package was developed as part of Arrow's strategy of providing creative, marketing-oriented financial merchandising solutions for automotive repair equipment companies. Customers of companies such as Myers can find it challenging to access the capital needed for equipment purchases. In addition, they want the accelerated return on their equipment investment that Arrow's program allows.

Myers' customers will be given a broad range of flexible financing options, including "true" and "finance" leases and other creative structures. Customers thus will have a high degree of flexibility in managing their capital position and ready access to equipment financing, which will also provide them with a blueprint for business growth. As a result, sales of Myers' products also will increase.

"Arrow's program enhances our competitive position since we are able to offer a value-added service to both financially stable, as well as financially challenged companies," said Richard Nunez, General Manager of Myers Tire Supply Branches. "A ready source of equipment financing expands our capabilities and assures our clients that we can meet the demands of their growing businesses."