CIT Group, a financing provider and Lenovo have signed a letter of intent to extend the Lenovo Financial Services program (LFS) within Europe.

LFS will provide a range of vendor end user financing solutions for Lenovo’s business partners and customers who utilize Lenovo’s range of technology products and services.

Initially, LFS program will be launched in UK, followed by France and Germany by the end of 2010 with additional countries in Western Europe in 2011.

The LFS program will offer leasing and financing options, as well as tools and online capabilities designed for Lenovo partners and customers to finance their technology solutions.

Lenovo president and chief operating officer Rory Read said that the expansion of the Lenovo Financial Services program in Europe will provide with a greater opportunity to offer financial services alternatives to customers, globally.

CIT Vendor Finance president Ron Arrington said that the expansion reflects CIT’s ability to provide commercial financing solutions for customers of the leading technology companies around the world.