Northern Tool, HSBC form credit alliance

Northern Tool & Equipment and HSBC North America, a businesss-to-business financial services company, have signed an agreement through which HSBC’s business solutions group will manage all of Northern Tool’s commercial accounts. HSBC’s retail services business has managed Northern Tool’s consumer financing program and a portion of its commercial program since 1994. The new commercial program will provide customers with an open credit line, extended payment options and expense management.