In the aftermath of a financial crisis that has tightened credit
markets for businesses throughout Europe, SMEs are increasingly
looking at alternative ways to fund their purchases.
HP Financial Services has caught onto this, and, until the end
of the month, is offering zero percent lease financing for
customers of its business technology optimisation and information
management software.
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The offer, valid in most European countries and North America,
is available for transactions over $100,000 (€74,000) on software
license leases.
JCB Finance, the UK joint venture between JCB and RBS, meanwhile
is offering further payment holiday schemes to the British
construction industry.
The latest, Pay What You Can, When You Can, is due to
be marketed this month, although details remain unavailable.
Some lessors, however, are reining offers in, such as IBM Global
Financing, which announced it would be terminating one of its
flexible credit programmes.
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By GlobalDataIBM Flexible Credit was available to resellers and partners in
the US, Canada and the UK, and enabled customers to apply and
manage a revolving line of credit worth up to $500,000 (€372,000)
for inventory financing.
The programme’s credit applications were completely automated
and processed via the internet, but, according to Fred Clarke, a
spokesperson for the company, the programme did not meet IBM GF’s
business goals in the current economic climate and will be
discontinued from January 5 this year
“We periodically evaluate programmes that effectively address
both our suppliers and resellers’ needs for credit and our target
business results,” said Clarke.
