Japanese electronics giant Toshiba has partnered with Shire Leasing, a UK funding and business finance provider, to launch a laptop financing service aimed at small and medium sized businesses (SMBs).

Products included in the service, including the IT manufacturer’s new Z-series range, will be available for SMB customers to lease through Shire Leasing’s Click2Finance platform, a platform capable of automating every step of the financing process, from online credit approval to online signature of leasing documents and delivery confirmation.

According to Toshiba, the initiative will help SMBs better manage IT spending, traditionally a significant capital expense for small enterprises, by granting them access to the latest technology at a more affordable price.

Products are usually available for leases 24 or 36-month in length.

Santiago Alviar-Baquero, head of SMB and distribution for Toshiba in Northern Europe, said: "We’re delighted to boost our SMB offering with the launch of this association with Shire Leasing.

"SMBs don’t just form an important part of our customer base, but also play a vital role in the wider economy. Despite this, they are often the most in need of financial support," he explained.

"Expanding upon our SMB offering with this new online finance solution is a significant step towards ensuring SMBs are equipped with quality yet affordable products, enabling them to be successful and productive while operating within a structured financial framework."

Vincenzo Scalzone, sales director for Shire Leasing, described the finance provider as "proud" to be working with "a leading worldwide brand" such as Toshiba.

"This association shows Shire Leasing’s commitment to support the growth of the UK SMB market space," he said, and added: "This is a great endorsement of Shire Leasing’s ability to provide innovative financial solutions to the IT industry."