BlueTarp Financial Brings Credit Services to McKenzie Building Center and Builders Warehouse

Portland, ME -- 09/19/12
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Company announces new partnerships providing commercial credit to contractors

PORTLAND, Maine—Sept. 19, 2012—BlueTarp Financial, the leading commercial credit provider for the building supply industry, today announced it has entered into new partnerships with McKenzie Building Center in Watford City, N.D., and Builders Warehouse in Denver. The partnerships went into effect Sept. 1 and Sept. 11, respectively.

Both McKenzie Building Center and Builders Warehouse are now collaborating with BlueTarp on customized in-house financial programs. The benefits for both organizations include guaranteed cash flow, risk reduction of contractor payments, and marketing services that will help increase sales. The credit lines will streamline transactions and improve store connections with contractors.

Both companies have experienced astounding growth in recent years, leading to the decision to enter into a partnership with BlueTarp.

“Here in Watford City, we are located in the middle of the current oil boom happening in North Dakota. As our local population continues to grow, so does the demand for materials to build affordable housing. I wanted to make sure that as a company, we had a professional organization making the credit decisions for us, and the ability to offer large lines to meet the needs of our customers,” said McKenzie Building Center CEO Eric Sparrow, whose company has seen a 300 percent increase in sales over each of the past two years.

“Our decision to partner with BlueTarp was simple—growth. By entering into this partnership, we have put ourselves in a position to keep up with the increasing demand for building materials from the contractors we serve,” said Builders Warehouse Owner Myron Andersen.

“We are proud of BlueTarp's flexibility in creating tailored credit programs to support the unique needs of our retail partners,” said Scott Simpson, CEO, BlueTarp Financial. “McKenzie Building Center and Builders both serve a wide network of businesses, contractors and individual consumers and we are thrilled to collaborate with them to build and manage strong, dependable financial credit solutions.”

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