IBM launches financing program for local SMEs

- Tuesday, September 27, 2011

IBM launches financing program for local SMEs

IBM (NYSE: IBM) has launched a financing program aimed at helping Chilean SMEs access new technology to achieve sustainable growth, the company said in a statement.

Under IBM's Rapid online Financing program, Chilean SMEs from all vertical industries will have access to financing for transactions from US$5,000 to US$300,000 at preferential interest rates and with flexible options.

In addition, the credit analysis of customers can be done in up to 48 hours.

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The plans offered include equipment rentals; complete financing of a project - comprising services, consulting, cloud computing solutions and infrastructure investments, as well as hardware and software; and leasing, among others.

The company may also provide financing for non-IBM technology, although projects must have a 20% minimum of IBM technology to be eligible for consideration.

IBM Global Financing currently manages more than US$36bn in assets and has over 125,000 customers in more than 55 countries.