SOURCE: BlueTarp Financial, Inc.

BlueTarp Financial, Inc.

July 23, 2012 11:30 ET

BlueTarp Financial Brings Credit Services to Northern Tool + Equipment®

Financial Provider Announces New Partnership, Provides Commercial Credit to Contractors

CHARLOTTE, NC and PORTLAND, ME--(Marketwire - Jul 23, 2012) - BlueTarp Financial, a full-service provider of commercial credit to the building supply industry, today announced it has entered into a new partnership with Northern Tool + Equipment Co., a leading supplier of high quality tools and industrial equipment. In the agreement, Charlotte, N.C.-based BlueTarp was selected to develop and implement a customized line of credit for Northern Tool and its extended contractor network. The program operates under the private label NTE Net 30.

Effective July 11, 2012, 40,000 of Northern Tool's contractors were converted to the NTE Net 30 credit program. Benefits of the customized program for Northern Tool include guaranteed cash flow, risk reduction of contractor payments and back-office support that will free up staff to focus on delivering better service to contractors. The credit line will streamline transactions and improve contractor-store relationships for the Burnsville, Minn.-based supplier.

"Our goal is to create credit programs that support the unique needs of our retail partners," said Scott Simpson, CEO, BlueTarp Financial. "Northern Tool serves a wide network of businesses, professionals and individual consumers. We are thrilled to collaborate with them to build and manage strong, dependable financial credit solutions."

"At Northern Tool, we wanted one integrated system that would allow us to process transactions and applications, while allowing us to exact payment terms down to the store- and individual-transaction level," said Rick Thonet, director of credit, Northern Tool + Equipment. "BlueTarp's NTE Net 30 program is customized to meet those needs, while allowing us to serve contractors faster and with less hassle than ever before. We're very pleased to have BlueTarp as our credit provider and are excited to bring the program to our stores nationwide."

About BlueTarp Financial -- BlueTarp Financial, Inc. is a commercial credit and marketing solutions company serving the building materials and hardlines industries since 1998. BlueTarp is the preferred commercial credit program of thousands of merchants across the United States. Merchants who offer BlueTarp credit to their customers enjoy cash flow, increased sales, and the elimination of the risk and hassles of managing credit in-house. BlueTarp is headquartered in Charlotte, N.C., and has an operations center in Portland, Maine. For more information visit www.bluetarp.com.

About Northern Tool + Equipment -- Headquartered in Burnsville, Minn., Northern Tool + Equipment provides in-depth knowledge and exceptional personal assistance to customers worldwide. Founded in 1980, the supplier offers a wide selection of products from consumer goods to industrial construction equipment to do-it-yourselfers, contractors and professional shops. For additional information, please visit www.northerntool.com.

Contact Information