IBM Offers Flexible Credit Program for Resellers

IBM Offers Flexible Credit Program for Resellers

IBM Global Financing, the lending and leasing arm of IBM (NYSE: IBM), and the world’s largest IT financier, announced today that it is launching a new flexible credit program for US resellers of IBM and non-IBM equipment, software and services. The IBM Flexible Credit program will help resellers conserve their cash flow and better manage their businesses in a climate of shrinking profit margins.

“There is a clear need for someone to accelerate the cash conversion cycle for the myriad of small resellers who do not have easy access to capital. Our intention is to fill that void,” said Jonathan Morris, Vice President WW Commercial Financing, IBM Global Financing. “IBM has developed a web-based solution that resellers can rapidly activate and give these organizations access to additional capital to fund growth.”

The IBM Flexible Credit Program will allow resellers to make purchases from authorized suppliers on a revolving line of credit. In a typical scenario, resellers of a manufacturer’s IT product or service will take charge of inventory until sales to their end users are completed. With IBM Flexible Credit, resellers are provided with an easy flexible payment option to pay off the manufacturer or supplier before the term’s expiration. The program further affords resellers the flexibility to acquire new technology and other approved products for resale.

IBM Flexible Credit applications can all be processed over the Internet for credit lines of $100,000 to $500,000. Resellers can benefit from “no-interest payment charges” for varying financing periods of 30, 45 or 60 days. Unpaid balances will accrue a low, competitive interest rate per month with flexible repayment options. Additional terms and conditions may apply.

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