Marlin Business Services in Mt. Laurel, N.J., has partnered with electronics manufacturer JVCKenwood USA to provide financing plans for its customers.
The $842 million-asset Marlin will provide financing to customers who want to buy electronics products from dealers affiliated with Long Beach, Calif.-based JVCKenwood, according to a Monday news release. The program initially involves JVCKenwood's mobile communications products, including analog and digital two-way radios, and entertainment and security products.
The partnership could eventually be expanded to include JVCKenwood's professional audio and video equipment and its security division, Bill Miller, Marlin's vice president of sales, national accounts, said in an interview.
"We're not actively involved with those products yet, but we're having discussions about expanding the program to include those asset types as well," Miller said.
Financial terms between Marlin and JVCKenwood were not disclosed.