BREAKING: IBM announces $1 billion small business lending program

Today, IBM Corp. announced that it would provide $1 billion in loans over the next 18 months to credit-worthy small and medium businesses.

Excerpts from the Westchester County Business Journal story:

“…Announcing the financing initiative Thursday, officials at IBM headquarters in Armonk said it is aimed at helping those businesses spur innovation and drive economic growth by making credit more easily accessible and eliminating many of the cost barriers to business growth…

“IBM Global Financing will provide lease and loan packages with interest rates starting as low as zero percent for 12 months with no money down, allowing business owners to immediately acquire the IBM technology and services needed to transform their businesses while managing their cash flow more effectively. Clients will apply for credit and quickly receive online price proposals and loan approvals through IBM Business Partners…”

For reporter John Golden’s full story, see here.


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