IBM will provide $1 billion in financing to help credit-qualified SMBs over the next 18 months. This effort is designed to help SMBs take advantage of a new suite of advanced technologies, such as analytics, and cloud. With approvals often in less than 60 seconds, through IBM Global Financing, the initiative helps make credit more easily accessible to SMBS.
IBM’s $1 billion commitment is designed to help eliminate the cost barriers that many SMBs face when trying to grow business. IBM will offer simple and flexible lease and loan packages, some starting as low as zero percent for 12 months with no money down.
IBM is also launching a comprehensive set of products and services focused on cloud, analytics, collaboration, and security, specifically aimed towards the key needs of SMBs. IBM aims to help SMBs break into these segments with the financing announced today.
