Cisco Offers 3-Year, Zero-Percent Financing to Cost-Conscious Businesses
Cisco Capital SM, the capital financing division of the
communications company, announced a three-year, zero-percent financing offer
for small and medium-sized businesses (SMBs) in the United States. The
financing offer applies to all Cisco products and services from $1,000 up to
$250,000. The company said the offer is designed to help businesses adopt
state-of-the-art Cisco solutions quickly and easily through leases with
flexible terms and fast credit processing.
If customers purchase at least one Cisco Smart Business
Architecture (SBA), they may also be eligible for a three-month payment
deferral, the company noted zero-percent financing is available through Cisco
Certified Partners until July 31, 2010. The offer is the latest element of
Cisco's Navigate to Accelerate initiative, designed to help Cisco channel
partners navigate the challenging economic environment and accelerate their
business with Cisco. The company recently celebrated the anniversary of its
$100 million small-business investment with a variety of
small-business-specific partner profitability initiatives, service and support
options, and a broad SMB technology portfolio.
"At a time when capital budgets are limited, our
ability to provide a variety of financing options can help our customers
acquire the technology they need to boost productivity and distance themselves
from their competition, especially as the economy recovers," said Cisco
Capital president Kris Snow.
Kristin Rogers, executive vice president of sales and
marketing for PC Mall, said with pressure on cash flow and competing demands
for budgets, funding new technology investment can be difficult for many
customers. "However, spreading the cost of technology acquisition over time
simplifies budgeting and increases flexibility," she said. "With zero interest
and manageable payments from Cisco Capital, we can grow sales, unlock larger
deals and increase profitability."
In December 2009, Cisco announced partner presales technical
support and a hardware advanced-replacement service specifically designed for
partners selling to the small business market. Cisco also announced it is
expanding the industry's broadest portfolio of small business technology with enhanced
networking, security and collaboration solutions. In addition, Cisco announced
it was continuing its partner profitability and financing programs to help
partners and small businesses accelerate their business and boost the economy
as it recovers.
"Cisco is actively working with our channel partners to navigate the current economic challenges while investing for future growth," said Cisco's senior vice president of U.S. and Canada Channels Wendy Bahr. "The expansion of this zero-percent financing offer will help our U.S. channel partners prepare to 'accelerate' during the economic upturn."