IBM launches partner finance

IBM has launched a financing program that enables business partners to potentially get approval for deals up to $150,000 within one hour.

Launched today, IBM Financing Advantage (IFA), applicable to IBM and non-IBM hardware, software and services was claimed to make IT financing simpler, faster and more responsive for small and medium businesses.

The offering also includes training and incentives to help partners with new facilities to obtain quotes for their SMB customers at any time.

“IFA has been developed because our business partners gave us a clear mandate to simplify and speed the process of obtaining financing so that small and medium business could rapidly acquire all the technology they need,” said Frank Keenan, GM of IBM Global Financing ANZ.

“These changes will improve the ability of IBM Global Financing and our business partners to quickly deliver IT financing to our clients,” he said in a statement.

IBM said the program would help SMEs lower total cost of ownership and preserve credit and cash for strategic core investments.

The financing options could also help these companies eliminate hardware obsolescence and equipment disposal issues and offset the cost of new IT using Global Asset Recovery Solutions, IBM said.