IBM Offers $4 Billion in SMB Financing and a New Mobile Credit App
IBM recently announced that it is providing its ecosystem of business partners with $4 billion in financing for credit-qualified clients over a period of 12 months. This financing, available through IBM Global Financing, can make obtaining credit easier and more accessible to enable IBM’s Business Partners and their clients to acquire technologies such as cloud, analytics and PureSystems.
The U.S. Small Business Administration (SBA) consistently reports that well over 50 percent of small businesses fail within their first five years due to lack of capital. Since this segment is responsible for nearly 65 percent of global GDP, representing more than 90 percent of all businesses and employing more than 90 percent of the world’s workforce, SMBs play a critical role in a global economic recovery.
Financing is one of the biggest challenges limiting the success of SMBs today.
Clients can now take advantage of these new technologies with no money down and by simply making monthly or quarterly financing payments. For example, many of the offerings are less than $5 per user per month (over 36 months) for 100 users. In addition, these technologies can now be up and running in a matter of two to three days, saving SMBs up to 50 percent in cost and time.
The new solutions also include analytics for SMBs to tackle “Big Data” challenges to help better extract insight and spot trends to make better business decisions and identify new market opportunities. These offerings will combine technologies from IBM’s recent acquisitions. In fact, the survey highlighted analytics as the top priority by more than 83 percent of CIOs.
IBM is also launching a new mobile app as another step to simplify the way IBM’s Business Partners can apply for financing and gain access to credit within minutes via any mobile device.
IBM Global Financing can provide credit qualified clients access to the capital you need to quickly and affordably move to IBM. Working with IBM can simplify the process and provide you a financing structure that helps you preserve cash, improve your financial return and mitigate risk.
This post was written as part of the IBM for Midsize Business program, which provides midsize businesses with the tools, expertise and solutions they need to become engines of a smarter planet.