IBM launches interest-free credit for its software products to Indian SMEs

IBM launched interest-free credit for buying software products of the company to small and medium businesses in India till December 31 2011. Credit-qualified businesses can avail this offer through IBM Global Financing, the company’s lending and leasing organisation, it said in a statement. Offerings would be provided through IBM India Pvt Ltd to qualified commercial and government customers.

The offer that requires minimum transaction size of USD 5,000 (Rs 2,25,000), with availability based on customer’s credit rating, financing terms is valid for all IBM software products including S&S and Services. “Other restrictions may apply”, it said.

Sapan Jain, Vice President, IBM Global Financing, India/South Asia said “By providing financial resources, small companies will be able to innovate and grow faster.” Earlier this year, IBM had announced the availability of USD 1 billion in financing for SMBs globally.

“This initiative will enable mid-market companies to take advantage of advanced technologies such as business analytics, robust network security and cloud capabilities which have previously only been accessible to large enterprise customers,” he added.

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