IBM Launches Flexible Credit Solution for Canadian Resellers
Technology Integrators Can Now Benefit From Fast Credit Lines Via Web for Customers
ARMONK, NY - Mar 2008: IBM Global Financing (IGF), the lending and leasing arm of IBM (NYSE: IBM), and the world’s largest IT financier announced today that it is extending the IBM Flexible Credit™ program to Canadian resellers of IBM and non-IBM equipment, software and services. Launched first in the US in 2006, IBM Flexible Credit allows more than 600 qualified resellers to make purchases from authorized technology suppliers utilizing an easy-to-access revolving line of credit backed by IBM Global Financing.
“The IBM Flexible Credit program provides a boost for technology integrators looking to access faster credit lines to sell their technology solutions to businesses, schools, hospitals and government institutions,” said Ben Nikolaevsky, manager of Commercial Financing, IGF Canada.
Reseller applications for credit on IBM Flexible Credit can benefit from immediate approval if qualified, over the Internet for credit lines from $100,000 CAD to $400,000 CAD. No financial statements are required and resellers can access the system and manage all aspects of their account virtually 24/7 online. Once enrolled, resellers can take advantage of an interest free payment period, sponsored by the supplier. Any unpaid balances after the free period will accrue at a low, competitive interest rate monthly with flexible repayment options. Additional terms and conditions may apply. The program details can be found at http://www-03.ibm.com/financing/ca/en/smb/flexcredit.html. (For information in French, http://www-03.ibm.com/financing/ca/fr/smb/flexcredit.html)
D&H Distributing, one of North America’s leading technology distributors specializing in emerging trends across IT, Electronics, Entertainment and Gaming is today leveraging the IBM Flexible Credit solution for its Canadian reseller network.
“IBM Flexible Credit is an important part of our channel strategy because it empowers our resellers with increased credit capacity and the ability to match repayment terms to accounts receivable terms,” said Tony Warfield, director of Credit Services, D&H. “IBM Flexible Credit also brings relief to our resellers caught in the cash crunch, with the option to flex payments up to 60 days past an initial no-interest period.”
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