Medical Depot signed a partnership agreement with Union Bank last week, April 21, 2022 allowing for credit line opportunities for its major buyers. Aptly called Dealers Business Line Program, this opens up opportunities for current and potential new partner dealers of Medical Depot to grow their business and expand to new locations.
“Our partnership with Union Bank presents another milestone for the whole Medical Depot group. I am excited that our partner dealers will now enjoy a preferred credit line to assist them with their capital requirements at flexible terms. This will allow us to further expand our reach in delivering quality medical products to more Filipinos across the country,” shares Rudy Medina, Chairman of Medical Depot.
Medical Depot is a company that offers high-quality medical equipment and supplies to both its customers and partners. Established in Bambang, Manila, and with over 30 years of experience, the company has long built its credibility and cemented its commitment to implementing initiatives that benefit their customers and partners.
In this agreement with Union Bank, Medical Depot acts as the anchor referring company that allows them to transact with their dealer buyers and endorse their credit requirements directly to Union Bank. This empowers the company’s partner dealers to have direct access to capital that is cost-efficient, easy to avail, and digitally-powered.
The Dealers Business Line Program with Union Bank poses many advantages for Medical Depot’s dealerships. Aside from flexible payment terms, they can now fund their purchase order requirements with efficiency in cost, apply with no collateral required, and use hassle-free repayment tools through Union Bank’s digital payment portals and pay partner merchants.
With this new partnership, Medical Depot’s current and upcoming partner dealers can now have better opportunities for access to capital that can fuel growth for their business. As they expand, it also means making quality medical products and supplies available to more and more Filipinos in different areas of the country.