IBM unveils finance and leasing plan for SMEs


IBM unveils finance and leasing plan for SMEs

Antony Savvas

IBM has introduced a new financing and leasing plan for small and medium-sized enterprises to try and boost business in the sector.

IBM Financing Advantage will be available in the UK, Australia, Canada, France, Germany, Japan and the US for deals involving IBM or non-IBM hardware, software or services.

The company says that the plan "offers competitive rates, a simple rate structure, and a credit approval process so fast that, in most cases, contracts are delivered within one hour for deals up to £170,000".

Kevin Quarantello, IBM global financing vice-president for small and medium business, said, "It could normally take weeks for SMEs to get credit approval, but with IBM Financing Advantage the process is nearly instantaneous."

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